Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: New Member

New Member

posted on May 30, 2009 10:43AM

Hello

Have been reading the board for a few years. Own 275075 Cllzf @ $3.54. Should have sold at $5 but thought we were headed a lot higher before the economy collapse.

Not happy with dilution at all, but options were limited in this tight credit enviorment. I am in this for the long term and hoping we see $6 plus over the next few years as we ramp up production and oil prices stay above $70.

One comment that made sense to me is about the banks wanting to make money. They have shares at .90 and they will make money on those shares. Its just a matter of how much they get behind the stock as we move forward. Do they flip it after a .20 gain, or push it much higher?



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