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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: Not to bad

Not to bad

posted on Mar 16, 2009 08:06PM

Not to bad. CLL is still holding up above 70 cents. All this downgrading, deleting and WTI Oil below $50 and CLL did not tested the previous low.

Much more activity on CLL.DB.A. More liquidity provided by BNN recommendation gave the opportunity for these who wanted to get out. Debentures finish lower in last two trading sessions.

Coming Year End Report should show good earnings (due to one time gain of $86 million on currency swap). Operational Cash Flow is another story.

A lot of talk about bear market rally running out of steam. Financials were the place to be. Nice gains there.

Thanks Brian for working on our memory by posting the same news 11 times. Nothing works better then repetition. Finally I got it. :)

For the luck of other think going on, here it is the graph, which reassembles closely the OIL charts in last 18 months.

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