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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: What is holding us down?
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2L8
Oct 01, 2008 09:09AM

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2L8
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Oct 01, 2008 01:18PM


BBQDAYS

My guess on share price is simple. The market SUCKS. The SP would be even lower had DG not released production rates, which I feel created a bottom on Monday. CLL business plan is SOUND, after all they got approval for POD2 and financing last year during a market meldown didn't they? The short position will ensure a low stock price until the U.S mess clears up..Congress will approve a bailout within the next 2 weeks, add excellent production numbers and pod 2 approval and Q3 due Nov14 SP should be back over $4 by December.


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