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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:$1.5 targets
3
Jan 21, 2011 08:18AM
4
Jan 21, 2011 08:49AM
6
Jan 22, 2011 12:15PM

You said:

...If I,m correct on this pattern then the recent close of $1.45 is the first peak ( notice how everyone lowered their targets to just over$1.50 as the highs were reached)...

Financial analysts did not lower CLL targets to $1.5 after $1.45 was reached as you suggested.

RBC and Credit Suisse dropped their targets to $1.5 day after CLL December Operational update show slow rumping up progress. At the time CLL SP was $1.22

Scotia Capital dropped the target price from $1.65 to $1.5 day after CLL January report show lower average monthly production then in December update. At the time CLL SP was at $1.4

Slide from December presentation showing the Algar and POD1 rumping up progress was nowhere to see in the January presentation.

I would suggest that the CLL SP stuck in the trading range (5 to 10%) from the $1.5 target price is related to the week fundamentals and not a market forces.

PS: congratulation, you are cracking some funny jokes recently:

About yourself: I'm an extremely rational and logical person ....not a cheerleader

About Brian: ..,,surprised you haven't blamed management for global warming..

Poor Brian , possibly choking when drinking the tea from his favourite Tea Party Pot and worrying about global worming.

Connacher Bitumen production

Connacher updates December 2010
Avr Monthly bbl/d
January 2011
Avr Monthly bbl/d
% increase/decrease
POD1 7760 7800 0
Algar 6854 6500 - 5




Jan 28, 2011 05:45AM

Jan 28, 2011 02:16PM
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