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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: From chart

From chart

posted on Feb 15, 2008 01:38AM

What I don't understand is why CLl's value is now around 3 and previous year before production starts in september we were at 4 CDN $ before the subprime mess came over the markets.

Even now we are at around 2.500 bpd which is 1/4 of designed production and ramping up the market has suddenly valued CLL much lower ?Before we also knew we have the debt issue and all things around which were discussed here .

It looks now that CLL is performing in a simular way the markets are acting .

Since 2 years we were drifting between 4.4 and 3 but now with production which is a fact we were even a little lower ,if we look to the line chart .I think the shorters and day traders took advantage

from the recent turmoil to get us a s low they could so they could benefit from the situation .Now we have another resistance more to overcome.I hope we could climb back in the 3.5 to 4 range again.

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