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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: Bitumen reserves reaction

Bitumen reserves reaction

posted on Feb 09, 2009 09:37PM

First Analysts reactions after the FEB5 CLL news.

Ear on the Street - 9 Feb 2009

Connacher Oil and Gas (CLL : TSX : $0.92)

Proved year-end bitumen reserves increased markedly:

GMP Securities maintains a "buy", lowers target to $2.50
RBC Capital Markets maintains a "sector perform", target of $1.50



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