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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: My Prediction
6
Jul 21, 2011 08:20AM

Jul 21, 2011 09:45AM

Hi Scott

Whyle it's hot at your place we have one of the worst summer days since past 3 weeks.Rain,rain and again rain.So send some of the heat towards Belgium we can need it.

i didn't follow up stock markets past weeks.With the troubles in the Eurozone markets go up and down.This night there was an important ECB meeting but if it will calm the unrest here it's still an open question.I guess this uncertain behavior will have effect for some months.Coming months normally are not the best onces either.

As for CLL I'm a little hopefull towards near end this year and next one.At least 2 $ could be a possibillity as end year target.Why we are at current sp with our 2 pods in production (not fully at design range)and some hopefull view of there other plays is somewhat rare that compared to other years with much lower production.Oil is still at around 95 average too.Looking to major oil companies these arket situation have effect on them as well though oil price is at good level and some steady so far at 95.

Will the time nearing that we can be rewarded for our very long patience to stay in CLL.They can have some better outlook if there testing will succeed on the SAGD and the drill resukts are positive for the conventional peace.

Do you belive in the targets written here

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.

What is from your kind of view a realistic sp prediction?


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