SP Price drop

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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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spiderman8

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SP Price drop

posted on Jan 16, 2008 05:51AM

I find this price drop hard to swallow. On Jan 3 the price hit $3.94. Since then Oil has gone down a bit and the TSX has gone down more then a bit. Cll on the other hand has seen their production increase, things going along as planned and they are on the road promoting. 12% drop in 2 weeks primarily based on the TSX by the looks of it. I look at this company turning a profit, having great assets and cash on hand for POD 2 and the Price still drops.