Re: Underperforming
in response to
by
posted on
Jun 25, 2008 10:10AM
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
a $6.75 stock by August.
Hi Spider.I'm not so confident to see this happening till August.
We have the markets against us .Also the latest top at 5.25 will be hard to take.
The news we expect on Algar and the reserve update will not be enough I think to smash that resistance in current market conditions.
The strenght of the oil price trend is very weak and I suppose it will be difficult to regain momentum.
When will we see Q2 numbers ?In August are after?