Re: A Chronology!
in response to
by
posted on
Nov 18, 2009 05:16PM
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
NOBODY WANT'S TO HERE YOUR CRAP HERE.
Today I bought back my previouss amount of shares which I sold some months ago because I think we have some kind of a floor price at current level and i will take the risk again to make some profits from here.
But I support Brian about his ideas how the company has come to this level.So talking about crap I think you look trough a rosy glace.I was a supporter of management before the collapse of the stock .They made some very wrong steps and we as shareholders has payed the price .Now we are at a point that with the new financing deals if nothing goes the wrong way we may have a possibillity to achieve some gains from current sp but I dare not say we are out of the woods.
Also many on the board here think that the economy is in a recovery state and that's probably a fact but many analist predict and today I heard again someone on news here that there will come a second and maybe a third wave down first until we move really upwards again.Companies will probably show some better results in coming q's but the unemployment rate will have effect on the spending etc..So the uptrend will not hold.
I also don't see the oil moving upwards the same way we have seen before 2009.If another shock comes along it will have effect on the oil price again and the stimulation plans will not be as big as we have seen.The pockets are empty.
Then what will be the effect on CLL if this occurs again?Then they could show us another time how they wil react on that.Hopefully not the same as they did last time.BTW what is wrong to have some critisism on people who take actions with the money you,me and all of us on the board here.If all investors should have appreciate their actions we shouldn't be at 1 $ right now instead of 5 previous year.
I have bought today but it's not for holding for a long time.Therefore the market and the company are not stable .The future for coming year is hard to predict and far from clear right now.