Re: Positive opening
in response to
by
posted on
May 12, 2010 11:50AM
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
Brian
I think after a bad previous year and for us the dillution the focus will ly on Algar ramp up .The market put a value at 5 $ pre crisis situation with pod 1.We have now a double in shares .So if ramp up is in same line like pod 1 or because they have some more expierence now a little better then a sp at 4 or 4.5 average for next year would be posible.
Our debt situation is what it is but i compare it to someone who bought an old house with a credit.If the house is restored the credit facility becomes better and a reform in the creditl line can be done.JMHO.
So looking forward at current situation I think market can stir the sp to previous top if the overall market conditions remain up.From a view from a good ta analist here the chance to go up has strenghtened again.