Re: 8 new wells at Great Divide
in response to
by
posted on
Sep 28, 2011 02:56PM
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
Dave
I don't think a CEO will give accurate information.There was a guy from here who send many mails and some of them he mailed me but that info was in fact nothing special.Don't trust these guys .If something is wrong in a company they will not tell us but guys on trading floors knew probably more and have better information.I've been in stocks for long time and has seen companies going bankrupt etc.But when asked to their CEO's if something was wrong they simply denied it.The trick is that if they bring it on the news the bankers can't unload there positions to the non informant people .I don't predict it will happen with CLL but they are in bad shape .They can't get production up and the bitumen price is also not in their favour.They are tanking to fast .Indeed there is no news but they can't found no bottom while many other companies are bottoming.It's like investors are fleeing out of this stock because they don't trust the situation.In fact management can't make no fist and giving investors a decent sollution for the future which is dark these days.
Markets today are very nervious and CLL is not doing well.They simply burn their cash and they are buying time by selling some of their assets .Some analist are predicting oil price towards 120 in 2012 but I first need to see this.