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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: 5% Drop

Apr 25, 2011 04:38PM

Apr 25, 2011 04:55PM
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Apr 25, 2011 05:00PM

Apr 25, 2011 05:14PM

Apr 25, 2011 08:23PM

Apr 26, 2011 12:16AM

The origial spike in oil prices happened sometime in febuary, I noted a lag in the rise of the cll spot price, Mar 1st we saw our high of around 1.62 (closing sp I think), shortly thereafter on Mar 15 we saw a low of 1.31, which just so happens to be around a support line. On Mar 15 the wti spot was approx b/w 95-103 ( I know there are other factors such as Dil-Bit pricing.) I don't know where this production problems rumor started but as far as I can tell, it is just that. This is just Connacher sp being Connacher sp. Yet another buying opportunity if you have the courage. I only have two questions, will the support line hold? and, will the sp meet or exceed our recent high's again?


Apr 26, 2011 01:26AM

Apr 26, 2011 02:49AM
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