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