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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: price/momentum buy signal

Mar 24, 2011 01:11PM

Mar 24, 2011 10:11PM

S1 and S2 support levels are the moving targets. You can get them daily at;

http://www.barchart.com/cheatsheet.php?sym=CLL.TO

You have to adjust your stop loses at the end of the day. I do (for the CLL) 1 or 2 cents below the S2. I was stopped at $1.57 when I was at Palm Spring.

Fundamentals are week but improving slightly for the Q2/2011 (Financial Report in August).

Cash flow in Q1/2011 (Report in May) will be lower then bad Q4/2010 (which was disappointed for investors who choose to ignore CLL production levels and Bitumen prices and base their decisions on hopes and dreams).


Mar 25, 2011 10:39AM
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Mar 28, 2011 07:18AM
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