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: Hedges

bobert:

Many current share holders bought in below $1. and are taking profit, it's longs like me that got a shiite kicking ( which was my fault for not knowing what a stop loss was).

Look if someone who currently owns 10k stop losses at a dollar he'd have 10k cash.

If as you say CLL were again to go to .28 that person could buy 35,715 shares.

The investment of 10k remains the same..Now if L and when CLL goes back to a $1.00 said person would now be sitting on $35,715

Not too shabby,,

If you believe that CLL is worth $1.00 Even after dilution, then how low it goes in the short term is irrelevant, in fact it's an opportunity.

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