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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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Message: Re: Underperforming 2 aligment was not good

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Jun 28, 2008 01:44AM

Hi Spider

Posting from Market Biggy is maybe the best answer from recent drop in sp.The 15 well pair is probably not a succes .DG has mentioned earlier that the 10.000 bpd would only be for end of year.But on the other hand if oil keeps rising that could of set the slow down a bit .

BTW Lynn is not a "she" but a "he" and has a lot of contact in politics in Alberta.

Looked to the chart and last candle was a big red one again.Would not be supprised if we hit the 4 on an intraday timeframe on a downday in the markets.So far no support is found and indicators are showing no reverse in trend.

50 ma line didn't stop the downtrend ,the 4.4 we crossed earlier was also no support.In fact we are back in our earlier trading range which we had left since begin of May.The short sellers must have good info from inside about production output.Hope DG will have a good reserve report.



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