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: Re: Price of Bitumen?

Jan 10, 2009 09:12AM

Jan 10, 2009 09:25AM

Hi Bobert

I think CLL is now far more a trading stock then it was before.They still face the danger of a very slow rising bitumen price .The longer it takes the more the can become in troubles because they have large debt.If that's the case they will need more cash or probably raise more shares which can effect sp because of dillution.

DG has said bringing out more shares was not an option anymore but that was before the oil crash.I'm not sure he's thinking the same way now.

Therefore I'm very prudent and I sell on every uptick and picking up again.I used to do it in the years before .I was always trading on shares and no long time holder .On CLL I was sitting long because the access on TSX was very poor, but now with current situation changed behavior .Now I'm trading again despite it's in fact to late .Should have sold much earlier.Still did some good trades now.

Like the "oilbent guy" was posting in fact was not such a bad idea.If we all had sold in the 5 $ range we could now bought the same amount we had for 1/5 of the price and holding the rest as cash.


cop
Jan 11, 2009 03:09AM

Jan 11, 2009 07:51AM

Jan 11, 2009 08:19AM

Jan 11, 2009 11:27AM

Jan 11, 2009 11:51AM

Jan 11, 2009 12:35PM

Jan 11, 2009 03:22PM

Jan 11, 2009 03:44PM

Jan 11, 2009 04:23PM

Jan 11, 2009 05:11PM

Jan 11, 2009 05:36PM

Jan 11, 2009 07:03PM

Jan 11, 2009 11:26PM

Jan 12, 2009 12:09PM

Jan 12, 2009 12:52PM

Jan 12, 2009 05:40PM
1
Jan 13, 2009 10:16AM

Jan 13, 2009 08:18PM

Jan 14, 2009 02:13AM
Share
New Message
Please login to post a reply