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

Free
Message: Attack on the 4.75 range

Attack on the 4.75 range

posted on May 15, 2008 08:10AM


We hit already the 4.72 .I suppose this level will have some resistance to overcome but according to the volumes yesterday and today the pressure is building.

If we can go over that last Fibonnacci wave then the way up to the all time high is open.

Just don't know what to think about the 5.25 area.That's the mark for the debenturies.

Am I right to think that the holders of the debenturies will benefit if the sp moves north over the 5.25 because they can convert ?So the higher it goes the more they are gaining?Right??

So with latest AGM the future seems bright .Isn't it then not better for the holders to convert and go for a higher sp now production is a fact ?

1
May 15, 2008 08:39AM
Share
New Message
Please login to post a reply