Agoracom: Small Cap Investment - Connacher Oil and Gas

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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sharky

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Resistance

posted on Dec 11, 2007 07:56AM

Hi guys

It looks this board is doing very well and a lot of SH members are here too.

I have the feeling everybody is a little optimistic to see the SP moving over 4.4 which has been the resistance for 2 years almost.

Do you think this is the final attempt and will it succeed this time.Once over the 4.4 we have another resistance at around the 5.25 mark too.

It could be reached in january and maybe with a few updates from production the 6 could be there in 2008.That's my prediction which IMO can be reached but to see a run over the 6 I doubt about it even I wouldn't be disappointed .