why invest in "CLL"
posted on
Oct 16, 2009 01:43PM
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
for the most part this is a good forum but surely latest trading should make one more aware of mannipulation,debating is fine but it doesn'y make any money ,
Yes Connacher has a great debt,but in a going concern th e end result has to be taken into consideration ie,present debt for less than 10000/bbl is enormous but we are talking about a 50,000/bbl not10,000 endevour,if investors can't see that then yes Connacher is a bad investment,I have been posting about daytrading this stock,it is doable,there is money to be made or dollar cost averaging to be had,the volumes we see are IMHO predicated by MMs and their bashers/pumpers,I can understand those who bought in at the highs ,what I dont understand is why they didn't take advantage of the accumulation openings,I am not one of the smart ones but I did not hold onto the slipperey knife when it slid from the highs,I am now comfortable with 35K@.81 cents,yes I do day trade using invester sentiment as my timer,even today we have a negative sentiment in the face of positive gain,IMHO we will have an opportunity to see low.90s short term before we attain the next level $1.30-$1.50 on the next NR which I beleive will be positive ,but this is a far cry from what some feel should be the value of CLL,IMHO we have a lot of investors with $2.00-5.00 shares,so the negativness will continue,unless the focus is on 50,000/bbl then the debt is to cncertring.
I once scoffed at those who daytraded but saw the opportunity and have come to the conclusion that it is part of investing and so have taken my cue,for me its all about 50,ooo/bbl and oil priced above $150??