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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: Why SP Falling
1
Sep 30, 2011 01:10PM

I agree and have said numerous times that CLL at current production levels is a pay the bills small profit company..Did you mean that BITUMEN is falling instead of Dilbit? Right now ALL Oil companies appear to be priced as if oil had already collapsed, CLL is no different. What it does look like is that the bears are in control of CLL and there's a whole lot of people making a whole lot of money playing with CLL..10% swings on a daily basis is a daytraders dream..Short it down to the low change of the day, change the position and ride it back up..day after day after day..If people don't think this is happening they're crazy...Good thing is that CLL has enough cash on hand and available credit to ride out the storm..Bad thing is what will be left after Big Boys are done playing.

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