Agressive price prediction

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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Thomas1

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Agressive price prediction

posted on Jul 20, 2011 04:04PM

Connacher Oil & Gas (Toronto: CLL)
The driller updated its conventional oil resources play—an area I consider much less important than the oil sands, but it is growing. After acquiring more land this week, they now have a 100% working interest in over 24,000 acres.

They have a drill rig on site and three more wells licensed to drill this year. Production is up to 1,000 barrels a day.

Connacher is a top-value play under $3. It can get to $5 in 2011 and to my $9 target in 2012. The stock sold for just $1.04 as of this writing—Michael Murphy of new world investor.

http://www.moneyshow.com/investing/article/29/Global-23760/4-Great-Dollar-Gold-Oil-Plays?scode=022579

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