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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 12:26PM

In US and Canada the trading cost is not relevant. You pay $9.95 or less to trade any number of shares. If you flip 1 cent you will make money.

Well if that's the case with 10.000 shares you can do some trades per day and make easy money.For that amount it cost for me more then 100 € all in.Around 200 to 250 € per trade then.So not so easy .

We ended almost at the low today with a volume under the 2 mil.

Haven't you not made any calculation at current oil price for Q 2 in terms of cashflow?Must be much higher the Q1 and also MRC with higher gas prices could let us see better #.

First I had the idea of a 6 $ price for this year but began to think that 9 could be by end 2008.


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