Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: last 10 trades

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.

Share
New Message
Please login to post a reply