Re: PDP emulates its older sister CLL and is destined to fail
in response to
by
posted on
Mar 26, 2010 01:46PM
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
Dondon
You always assume things will happen but as long there are no facts it's just looking in a crystal ball.Probably management thought also that oil price shouldn't fall so low and that's why they went for a very costly deal for Algar at he wrong time.Later on when the crisis was a fact they panicked so hard they stopped production which IMO was not needed because if you follow markets they rides ups and downs in a irrational way.So they curtailed for only a month below their target price.
Have you any idea how they gonna fund to achieve a 50.000 output?
I was a supporter of the board before they started to built pod 1 but never thought they would act that way.
Now for todays action.What could be the reason of the big volumes?We are now above 6.1 mil.We could have one of the biggest volume days for CLL?Are other small oil sand companies also rising today or is it just CLL?