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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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Message: Possible Buy Targets

Markets in general want to continue the 2008 bear trend. Look at a long term chart for the Dow or TSX and it's worth noting that we retraced 50% from high to low in April 2010, and now may be starting the continued bear from 2008.

Unfortunately, CLL didn't participate in the 50% retracement, although one could argue they did, if you consider the share dilution. IMO, the recent test of the 10000 Dow on May 6th was a dry run - it seems the bears put there foot in the water and tested the temperature. Personally I lifted my 1.37-1.40 buy orders because of CLL's inherent risk, along with the overall markets.

With great hesitation, my next possible buy price would be 1.17 and then 0.98 cents. Not sure if I would buy whole heartedly, but if markets in general improve, I would consider buying at these leves.

Good luck, Booster

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