CLL Activity Jan 14th-09

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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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CLL Activity Jan 14th-09

posted on Jan 15, 2009 06:19AM

A few observations on CLL price activty for Wednesday Jan 14th-09: (looking at the intraday chart)

1) quite a few long "no trade" minutes or hours;

2) followed by, or preceded by, what appears to be "block trades";

3) price decline at end of day;

4) almost double normal volume traded;

A check against Time and Sales could confirm the brokerage houses involved, but it seems that these trades are predetermined and agreed upon in advance.