sharky

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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jurek

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sharky

posted on Apr 17, 2008 08:48AM

Hi Sharky.

Good posts. If you look on the 1 year chart there is strong resistance level at $3.80/ 3.85 .This was may intermittent target price which was trigger yesterday and I took the profit.

Last two weeks runnup in energy stocks was just phenomenal. Most my oil holdings were up 15 to 20%. Hot Canadian O&G plays were on fire. Look at OILEXCO(OIL), TriStar(TOG), Petrolifera(PDP), Suncore(SU), Baytex (BTE.UN) Petrobank(PBG), UTS and CLL .They all increased the SP in the 20% range.

Shorts may start to come back at this level. My broker (ETRADE) does not take the short orders for stocks under $5. Does anybody have this option in their acct or this game is allowed for institutions only?

JUREK

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