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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: technicals

Jun 08, 2009 07:52AM

Well so far CLL is holding at this level but I took the risk and sold a large part of CLL for PDP.The chart from PDP IMO is ready for a break out again.

I don't see CLL running to 2 $ from here but PDP has more momentum.

Bougt PDP some time ago just before run up to 3.4 so almost double now I think traders bet on a positive outcome with the testing and they take position in advangte I think.

Will see if I made the wrong bet.


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