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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: SP Price drop
2
Jan 16, 2008 05:51AM

Jan 16, 2008 07:41AM
Thanks Martin, my logic would have had this stock go up a little with the credibility that CLL is gaining. My target price for April 2008 is about $5.50 before the PDP price decrease that was experienced. My target for April 2009 is about $16.00, also before the PDP price decrease. Currently though the way the price acts, these targets may not get reached. I estimate any PDP share price increase by 50 cents increases CLL share price by 3 cents. Conversely any decrease by 50 cents decreases CLL by 3 cents.
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