Re: thoughts why CLL keeps dropping?
in response to
by
posted on
Oct 03, 2008 10:24AM
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
Walla123
It is my opinion that Connacher is not yet perceived to be a genuine, money making integrated oil company. It still has the "speculative" perception attached to it. When things go south the people with money put theirs on the sidelines until a clear direction can be seen. The stocks that are hit hardest are the startups and speculative investments. Just look at UTS! When investors are confident that the financial mess is contained, they will come back into the market. With the progress Connacher has made, its stock should skyrocket when confidence is restored. In my opinion Connacher is still one of the safest and best long term investments you can make, so hang in there.
Martin