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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: Operational Update Today

The bourses are not in the mood also with all the negative readings.Despite good Q figures a,d earning season coming to an end the economic news takes control now and there is not much positive to read so far.

In these conditions it's very hard for a small cap like CLL to do much better.

Today's news release is in fact not so negative besides the 2 board members who will leave the company for what reason ever.Oil is also back near 75 .

If they face not much trouble a move back towards 1.90 top can be possible IMO.

But with the current debt situation and on the other hand their plans for further expansion I don't see how they will fix that without putting pressure on the sp again.If for some reason tbey decide to go for a financing by shares then the best is to be out before it happens.

For the guys who own CLL above the 3 $ and more I hope we will get back in that trading zone but I don't see it happen very soon.

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