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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: Technical analysis note on CLL

Jul 27, 2008 07:33PM

What is your guess if we have Algar and Q2 # in short time after each other.Will we smash 5.25 ?/Sharky

IMO Algar approval is wildly expected by the street and may not have big impact on the SP. After all the government has no choice but approve the project especially after successful POD1 operation.

Aug12 Q2 financial report my have positive impact if the CLL will show higher then expected numbers (expected by street: $.18 to $0.22 Net Cash Flow and $0.08 to $0.1 net earnings).

The only important number is cash flow. consensus on this board is 22 to 24 cents (See Cornergas and my table of CLL 2008 earnings).

Very important factor in the CLL SP will be the sentiment of the XEG TSX energy index and CLO (TSX oilsands sector ETF). IMO $5.25 will not be broken without the help of the the energy sector. You have to look at the big picture.

PS. Onefortheroad: 10k in 34 min---oh man this is a sprint. You are very good runner and so is sharky. Good work guys.



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