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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: OIL PRICE 19 -03-2009---diggersam
1
Mar 19, 2009 06:20AM
1
Mar 19, 2009 06:36AM

Wish I could agree with you about our s/p but you must remember that there's a fund that's been dumping shares for the last 3-4 weeks.----I've mentioned before that they are using a method of blocking in a trading price that they wish to use for that particular day, and today you'll notice that there is a large bid size at $.074, and a large ask size at the $.76 level.----Unless some large buyer(s) come in, it looks very much like we'll be sitting at the $.75 level regardless of what happens today with the price of oil.----Very frustrating to watch the daily holdup of our s/p when the oil price continues to move up and we're being held down by that sell-off by whatever fund continually executes.----I believe that the year end results will be out later today, but it's still up in the air as to just what management is going to release as far as the plus or minus is concerned regarding cash flow.----CHEERS!!!

1
Mar 19, 2009 01:43PM
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