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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: Re: Exit points
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May 21, 2008 03:53PM
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May 22, 2008 07:18AM

Good statement Metacomet.

I stay in this stock for some more years to come.In fact they have only one POD running right now and next one is for 1.5 years.And according to DG there are more to come in the future.

Bare in mind they have a lot of oil in their reserves which we don't know yet so the value of CLL will go up in time.

Also like DG said once Algar is on full production the cashflow will go up further.+ now they benefit from a surging oil price too.

To me what we can do is trying to earn some extra by trading.In fact yesterday was a good point because RSI was in overbought region ,sp jumping above the latest trendchanel and we had a hammer candle.

But for me if I will sell 10.000 shares it cost a lot of money .So in and out again must have a differance of 0.15 or 0.2 cents at least .It can be done but therefore I had to stay at my computer .

I wait till we have the reserve # .

5.25 will be tough to take ,more then other resistance which were overrun very fast.


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