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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: An idea from a poster

Jan 04, 2010 11:17AM
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Jan 04, 2010 11:30AM
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Jan 04, 2010 11:39AM

Jan 04, 2010 11:50AM

Hi sharky;

I read that as well but I think that he is just speculating. Unless the banks drew all of the other companies attention to this nobody else would even notice it in the marketplace. The banks couldn't very well send out a letter to each junior oil or resource company to get their attention, or take out ads as they would be taken to the Ontario Securites Commission (which governs the Toronto Stock Exchange) and charged with collusion under existing securities law, as well as being charged under the Federal Competition Act with acting like a cartel to unduly lessen competition. If what he alleges is true it would only teach Connacher management a lesson as I think that all other companies would be so preoccupied with their own business and wouldn't even notice this. Also, he furnishes absolutely no proof to show which specific Canadian banks shorted Connacher stock at every opportunity. I think that as readers and participants on online bulletin boards, we sometimes get carried away thinking that the stock that we are following and invested in is the only stock in the world, and that it is being singled out when if you look at the real picture the same thing happened to many other junior resource companies acrosss the board during the same time period. In this respect Connacher is not unique. It sounds to me like another conspiracy theory....

Best Wishes; Scott

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Jan 04, 2010 12:37PM

Jan 04, 2010 01:19PM
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Jan 04, 2010 05:36PM

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