Re: Poor Production
in response to
by
posted on
Jul 15, 2009 05:38PM
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
Connacher pointed out that cuts in production was a bad move ,again this was a first as no precedant had been set,their intent was for a stoploss if you will,but hindsight now shows it was not a good move ,they most likely should have stockpiled.
It is not for Connacher to spoonfeed investors more than a few investors have been able to average down and make a few dollars albeit at the expense of other investors,but it is the responsibility of the investor to do proper DD and to have a plan in place to offset the MMs,a stock is not a mutual fund where decisions are made by fund managers who are paid a healthy stipend by investors who choose that mode of investing..AIMVHO