It's going to take a lot more than this for Connacher's share price to go up. While some predicted Connacher would jump up a lot today due to increasing the steam and production at the Great Divide, Connacher is down as the price of oil dropped back today. There are also a number of other factors why I do not expect the share price to increase for a number of months. Many investors got severely burned in the market meltdown in North America and energy shares in particular and they will not be back into the stock market ever. They will not risk their money again especially if they are retired and lost a large chunk of their capital. They will stick to bonds and GIC's, Treasury Bills in the future. Also, a great many investors who were smart and got out of the market before the meltdown or who dumped all of their shares at a loss, are sitting on cash, having liquidated all of their stocks and they most likely won't be returning to the market in a significant way until they see the market much more improved than it is now. They will wait until the market starts going up in a large way and would prefer to pay 25% more for the shares that they will purchase than todays share price as they want to minimize their risk. Connacher is unknown to the vast majority if investors in North America and in many cases it may not even fit their investment profiles. What I hope will happen is that over the next number of months is that more institutional investors will start adding Connacher Oil and Gas to their portfolio's to raise Connacher's current number of shares owned by institutional investors from its current 28.7% to the 45 to 50% range. Institutional investors will have more foresight to pick up the shares at today's low share price and will be more likely to hold the shares for 5-6 years looking at Connacher's projected projects and earnings. Too many day traders are looking to make a fast buck and that is what has added to Connacher's erratic share prices over the last number of years. We need more institutional investors or current institutional investors to step up and increase their holdings in Connacher also to balance off the large number of shares held by Resolute Funds Limited.

Connacher is going to have to do a lot of promotion over the next number of months to attract prospective institutional and retail investors with its story. It is also going to take a lot of good luck and good timing to have future important press releases by Connacher occur at a time when the market is in an upward trend and there are no crises happening during the week of the press release. If you look back at the past two years every time Connacher had a major press release such as the when it got EUB approval for POD 1 consturction or when Connacher arranged its financing or when it met a significant production target or when it got its latest reserve report; I remember that each time there was a major disaster which occured at the same time as each of these releases for example The Alberta Government's Royalty increase announcement last year or Hurricane Gustav or a decline in the price for oil. Each of the significant milestones that Connacher has met over the past year or two have been countered by disasters in the news which have resulted in Connacher's share price going nowhere. So luck and timing are important. Maybe this time around when Connacher announces 9,000 barrels of bitumen production reached at POD 1 or 10,000 barrel + production reached at POD 1 or the resumption of Algar Construction, that each press release will have a much better effect on Connacher's share price this time around.

I am long on Connacher and have owned my shares in Connacher continuously since 2003. I have added shares since then and I am continuing to hold long. But honestly, we are all biased because we own Connacher shares and expect it is a no brainer for everyone else to buy it which will increase its price but the average stockholder doesn't care about CLL or know about it and in this erratic market on the TSX (up one day down the next day) most people are staying away from the stock market and we longs will need to hold tight and endure for many months more. I hope that I am wrong.

Cheers; Scott