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: $6 SP

Mar 25, 2010 04:11PM

Mar 26, 2010 05:33PM
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Mar 26, 2010 06:09PM
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Mar 27, 2010 02:54AM

Now imagine if DG has the forsight to plan and raise money at $6 and had that cash ,

I remember that spike quite well. And although I have no proof whatsoever, I am fairly confident that the reason that the stock rose that high for a brief period was due to an intentionally engineered boost to support the $5.25 FT PP that came out shortly thereafter. (Oh, speaking of which, at least they did raise SOME capital at decent prices).

I got burned at the time by buying 5000 shares at about $5.15. Too bad that I hadn't sold my whole 40k at the top.


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