Re: NEWS!!! but is the shutting down of production gonna be a negative?
posted on
Dec 15, 2008 09:14AM
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
I don't think it'll go to .70 ( hope I'm wrong).. Like I said I think this is more about taxes and shorting than the fundamentals.. People are counting on a quick flip. This is how it works..Sell as low as possible just before the trading deadline for fiscal 2008..This will give you a tax write off..If the SP stays around .95 till the end of this trading year you can make a killing riding it back up. This can take place within the next few weeks..It's a win win if you can pull it off.