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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: Sentiment

Jun 23, 2011 10:36AM

Hi Sharky,

You said:

"I have the feeling if markets can't found a bottom here the Dow can move to 11600.Oil can drop to 86 where another bottom could be."

Today we may have had a reversal day for the stock indexes. It was a very nice recovery from a big drop in the morning. Looking at tonight future markets we should see nice jump in the indexes tomorrow.

"I hope on a rebound to last made top at 1.65 .I don't think we can bet on a big relief from the SAGD operation.Even if they can ramp up 1500 bpd average"

Well, hope is a good thing but it could take the big take over rumors to push the CLL SP to $1.6 level.

"a surprise can come from the conventional area"

Do not count to much on the light oil surprise. According to Scotia Capital analyst the second CLL conventional well at the Pekisco was not successful.

"What is the main opinion about CLL for next figures coming this summer?"

As per Reuters average earnings according to 5 analyst to is -$0.01 per share .

Let see if DG have some Q2 surprises for shareholders.




Jun 24, 2011 02:20AM
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