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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: CLL holding in PDP/Den

Aug 25, 2008 12:39PM

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Aug 26, 2008 10:21AM

They seem to be offloaded their stock(PDP) at every opportunity they get with DG being the worst offender. Any thoughts. Den

Conspiracy Club members are providing very entertaining explanations and speculations. Fortunately there is (as always) very simple one.

In 2008 Insiders (including DG) were granted 687,000 Shares at Average price $10.02 . PDP shares are well under the $5. They are all getting the margin calls and have to come up with the cash (sell CLL shares) or take big loses and sell PDP shares.

As you know this hapened before in March and it may happen in the future. History likes to repeat itself.


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