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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: CLL debt level

Aug 16, 2010 03:11AM

Aug 16, 2010 07:13AM

Aug 16, 2010 10:10AM

Aug 16, 2010 12:30PM
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Aug 16, 2010 12:58PM

Aug 16, 2010 01:43PM
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Aug 16, 2010 01:44PM

I did not suggested that the accounting methods were used to downplay the crappy Q2.

What I suggested indirectly is that you diverted the board attention from the Q2 financial to imaginary debt reduction news.

Since you are logical and realistic (as you stated) one can only assume that you did this for the damage control purpose only. Anybody who is realistic would not possibly think that such a reduction is possible.

Nothing wrong with your strategy. Good work.

I also agree with you that CLL SP may have hit the bottom in this downturn leg. Daily RSI is reversing from the oversold conditions suggesting that most of the selling is done.

Institutional investor reduced their holdings(to about 20%) before the Q2 report. As always they had a good feel about what is coming. We should see some rebound from $1.3 level.

PS. Suggestion that the only positive investor is the long term investor is not logical or realistic.

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Aug 16, 2010 05:00PM

Aug 17, 2010 10:18AM

Aug 17, 2010 11:06AM

Aug 26, 2010 12:10AM

Aug 26, 2010 06:17AM
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