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

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Message: Re: Institutional Holdings
2
Oct 02, 2009 11:26AM
1
Oct 02, 2009 12:32PM

as indicated below some pretty good Mutual funds think Connacher is a buy,IMHO Connacher has too many antsy investors who look to CLL as a bonafied "Blue" chip,but it is 40,000/bbls away from that description,this is a speculative stock wher the object is to accumulate at the lowest price possible and not to wait till Connacher is a mature stock producing at capacity,having said that IMHO its a good idea to stick around and wait til the stock stabilizes has its costs and debt in line with its cashflow,it is then that Connacher will probably be making 8-10%,now thats not bad but for me its all about buying .68 cent shares that are now worth a $1+,now most would probably take a 50% profit and run but my focus is on 50,000/bbl with Oil price $150,or a 10xer ie$CLL@ $7.00++

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