Re: Connacher and longs

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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sharky

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Re: Connacher and longs

in response to

Connacher and longs

Nick911

posted on Jun 11, 2009 10:38AM

Nick

I sold again the rest of my CLL and bought PDP today at 3 $.

I take the chance that PDP can move up more then CLL considering all the debt issues ,no clear view up today and certainly it will take long time for good earnings.

The stock seems to hold at around 1 but upwards move to 1.5 can take a while or on news from start up or something else but IMO the 1.5 will hard to take this year.

PDP however can benefit is their stake in Argentinia is sold ,if well test are ok etc.

Will follow CLL also and maybe jump in for short on news etc.The company can do fine but therefor we need patience gain for some years .

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