Re: 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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M14W49

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Re: SP Price drop

in response to

Re: SP Price drop

spiderman8

posted on Jan 16, 2008 04:47PM

Hi Spiderman

I think your tarket for April is reasonable, even with the PDP price decrease. $16.00 for April 2009 may be a little optimistic but not unreachable provided Pod 1 production target is hit and their new project is approved and under construction.

Based on Connacher's approx. 25% ownership of PDP, Connacher's share price should move as you indicated, but, I sometimes wonder if PDP's value is even taken into account because their prices sometimes move in exact opposite directions!

Martin

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