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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Message: SP Price drop

 

Hi Spiderman

It is frustrating to see the stock move in the opposite direction from where logically it should go.  I believe this is due primarily to short selling.  In my opinion there is a large group of investors that believe strongly in Connacher and just hold onto their stock.  There is not yet much institutional buying  that would buffer the short selling, so a large short seller can impact the share price negatively by selling a large volume short and then easily cover when the price drops, so the share price has stayed within a range of about $1.00.  Earnings speak loudly within the market and when Connacher demonstrates that Pod 1 is producing 10,000 barrels a day, Connacher's share price should jump up dramatically.  The net present value of the earnings from the revenue stream generated by 10,000 barrels a day for 25 years, in my calculations is about 1.5 billion at 5% or approx. $7.5 dollars a share.

Martin

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