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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Speculation
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Re: Speculation

posted on Feb 14, 2008 08:12AM

greengas

1. I agree that it is never a good idea to use the principle from a loan in order to pay the interest. This is why we have the housing bubble.

2. The 600M notes expire in 2015 .They trade on the Portal Market, a subsidiary of the NASDAQ . I assume that anybody can buy them as they wish.

3.Major short term support level at $3.06 was broken triggering sell signal for day traders. MF (money flow) and A/D (advance decline chart) shows that the CLL is under distribution since end of Q3 not the accumulation like some suggest.

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