Agoracom: Small Cap Investment - Connacher Oil and Gas

May 03, 2011 02:48PM

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Glindway

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Re: Support

in response to

posted on May 05, 2011 03:17PM

Brian, yes speculation brought oil price higher and we will probably go back to $90. However, SP is well below the NAV and CLL is oversold… the only reason why this company is not making money is because the interest paid.

Believe me, soon as they get better terms, SP will jump… Interest = 0.25 $/share each year…