Re: Connacher Files With AEUB/Den

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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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denby45

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Re: Connacher Files With AEUB/Den

in response to

Re: Connacher Files With AEUB/Den

jurek

posted on May 21, 2010 05:44AM

Jurek,

I like Crescent Point and providing they can maintain divi then they look good. BP no thank you I don't like to get involved with companies with these types of long drawn out problems. The other two I know nothing about but I will surely do some research.

Actually I am itching to get back in to some of the positions I let go but I will need to see some evidence of a turning point first. I don't mind missing the bottom if it forms here as I have been bitten many times in the past trying that strategy. My strategy in these dubious times is get in and back out again so and I will not be looking to establish positions in high dividend players quite yet. There need to be a confirmed downtrend in the VXX for that to happen.

If I was buying now for the long term I would be loking at solid beaten up companies like MEMC, RCG, CF Industries, National Presto. I also like CNQ but they are a bit rich for the moment even they are expanding very nicely. Any further correction there and I think they will be a good buy.

I actualy have a couple of limits for CLL at 1.20 below the 200ma but showed support there before. A failure of 1.2 could see 1 and that is where muy next buy is sitting.