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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: Expectations

Expectations

posted on Dec 12, 2007 06:47AM

 

To XIII

 When do you expect the capitulation of the shorts?

What is the critical SP when they loose control?Is it the 4.4 or the 5.25 .

At 5.25 was the deal made for the debentures.So IMO this level is the most important once it's passed we could see a fast move to the all time high. 

Normally end of this week the pumps must be turned to production.So next week could be a good one for CLL.But because of the strange behavior of the SP during last 2 years I'm wondering if the shorters will loose control .I think the 4.4 could be tested once again but if volume remains around current levels I don't think we can smash it.We must see volumes in the million range during a few days like in the period we went to the 6 $.Only then IMO the shorts will loose the game.

Even I think in first half of 2008 the top can be reached if things goes well.

Many of you predict a SP over the 6 $ but I'm a little concervative but I do hope you are  right  .

But if DG launched a good media news on CLL to attract other investors things could change. 

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