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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: Re: Hang On----

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Jun 10, 2010 10:20AM

Hi Den

You're right about the political leaders.They better shut their mouth.In fact they bring unrest to investors and the result is the rate jumps up which damage in fact their debt situation again.

Took a pic from CLL's chart and on long term there is a chance we can climb.

I drew 2 possible resistance lines .If we can go above the lowest then way is free to 1.50.

That's the major value to overcome.Then the uptrend is more stable.Can be done wth within a few weeks start of production ,an oil price settled above 70 and economy in some better shape.I'm more worried about further problems with countries in the Eurozone.

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