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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: Re: Interesting short position - 2violins
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Interesting short position Shytshow

2violins
Jun 19, 2009 06:10AM

You're right 2violins it will be interesting to see as we approach 90 cents....

the ones that missed the share offering, and wanted in, will be buying

.....and any sp that approaches the same 90 cents showing weakness, may make our new shareholders (almost 200M strong.....) question their investment.

The bad part about having less shorts (1.9M) is that we won't be able to have any type of short covering rally to spark the sp. The good part about reduced shorts is that any sp increase going forward are real buyers that see potential.

Good luck

Booster

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