Re: Some interesting read-positive things ahead
in response to
by
posted on
Apr 24, 2011 05:13PM
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
Actually I don't expect $2.00 in the weeks ahead, I would say more like August, Sept
But the markets will face big resistance .I think if we are lucky the party can go on a little sparked by some good earnings results but a retreat is most likely IMO.August and September are not the best performing months.
So will CLL go up against the trend?We all know they can't go further with their upgrading plans so how they gonna fix that?Big question?
Supposing all goes well with production and bitumen sale price etc..they still give no clue for the expansion.I think for the moment they don't know it either?So will they take same action and dillute again?That's why investors are nervous about CLL?The future view is not clear and as for today they had already so much debt.
The current palyers in the field are the big funds because most of the common shareholders are trapped at this price.If we go back above 1.44 and higher a lot can come back in the play zone for trades.