Re: Trading volume
in response to
by
posted on
Apr 28, 2011 03:36AM
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
Brian
Well I'm curious if the pattern will repeat again.At least the production is better then past year .Past year however the peak was in April followed by a small rebound in May but the years before it was mostly around end of May.It has probably something to do with investors moves in the overall markets.Don't know if we can expect some news from the company in the weeks ahead.
But with last move down the support I draw ,I think it will be hard to smash 1.88 which was last top in 2010.The sp from some funds is not set on 2 but i think this will not be reached in May if at least we get a run up.But with CLL you never know.It's a very unpredictable stock on sp behavior.
Yesterday i heard the catalyst company I'm working has already made this part of the year a double of earnings compared with 2010.I guess this is also the trend in a lot of other companies so earnings could be well for the whole year.If in the Mid East things could cool down a bit that wouldn't be bad.I think Khadaffi can hold on very long anymore .