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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: Institutional Holders = this explains part of the current situation

According to Reuters on October 1, 2011 the number of shares held by institutional investors is as follows:

Institutional Holders

% Shares Owned: 20.29%
# of Holders: 28
Total Shares Held: 90,943,091
3 Mo. Net Change: -1,480,148
# New Positions: 3
# Closed Positions: 8
# Increased Positions: 8
# Reduced Positions: 16
# Net Buyers: -8

http://www.reuters.com/finance/stocks/financialHighlights?symbol=CLL.TO

According to Reuters on September 17, 2011 the number of shares held by institutional investors was as follows:

Institutional Holders

% Shares Owned: 45.88%
# of Holders: 44
Total Shares Held: 205,652,529
3 Mo. Net Change: 128,997
# New Positions: 3
# Closed Positions: 7
# Increased Positions: 17
# Reduced Positions: 17
# Net Buyers: 0
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