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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: The Most Pernicious Element Depressing Connacher

Brian, again you're reading way too much into this..A normal trading cycle is occurring nothing more...Shorts covered end of Sept switched over to a long position, rode it up to 1.35 on buyout rumors then are dragging it back down when buyout rumor settled..

Forget the past already you're not gonna see the $4 price range for some time. The crash changed the nature of CLL and many other small cap oil patch firms. The New CLL is the company that's emerged since the .90 share offering. IMO the majority of shareholders have held for a long time so add in the 50% dilution at .90 and most shareholders have a cost below the .90 level..So the question that needs to be asked, how has CLL performed for them.. Well since the .90 offering if CLL closes at 1.22 today that's a 35.5% return. Last Oct 24 CLL closed at 1.02 so if CLL closes at 1.22 today that's just shy of a 20% YTD return...Now if you bought in the 3-5 range this really sucks ( but it's not the fault of D.G that people didn't put in stop losses ). However for those who bought in at .90 ( or even the low .60's at the bottom of the crash) CLL has provided GOOD returns..

CLL has been doing well when everything is taken under consideration. Is there room for improvement, absolutely,,but it's not the dog it's being made out to be. SP will move up in time when CLL can get production issues under control, the world currency disputes are settled, the U.S election is over and the markets decide where they're going and don't forget the world wide war on the oil sands... Rome wasn't built in a day, if Oil stays at these levels and the market doesn't crash again and oil patch companies can do a better job promoting CLL will be back.

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