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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 --- technical sell signal

Sep 20, 2010 03:11PM

Yes we closed at 1.22.

Since august 25 we stick around that level .But to say it's a problem related only to CLL is not so clear.Other oil companies didn't move much since that period as well and oil has recently come down 4 to 5 $ and has trouble to found a strong up trend.

But on my tech chart on CLL the accumulation is rising sharp since 3 days now maybe due to the placing on the S&P small caps index.Volume was nice to today.

Reading acorss both message boards the biggest tread remains the debt problem for CLL and there is uncertainty amongst many on how things will come out.PDP is the worst case in collaps of the stock.Looki,g to the 2 companies DG owns it's a bad performance of his leadership so far .

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