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

Free
Message: News - Winter Drill Program

Ok

TNX Spider.

Now I'm curious what's gonna happen.I think you could be right we see a sell on the news.

It has happened many times.

We must also consider that the eps must be divided among a double of shares as well.Dondon is looking for a double production in 2010 but also our shares amount is doubled + the debt situation is also much higher then past in 2008 when pod 1 was ramping up towards 10.000 bpd.I also doesn't count anymore on a smooth ramping up after we have seen what's happened with pod 1.

2 is possible IMO .But I read some artickles about this year market performing and most of the analist think the momentum will fade maybe in the second half of this year.The markets are now driven on hopes that earnings will be ok in the first part of this year also because of actions taken by the companies and the States all around but will it last for the rest of the year?Unemployment rate here is forecast to rise also this year to an amount not reached in years.So I think second part this year could be tricky and that will also have an impact on oil price as well.

So CLL can maybe reach 2 within some months but if markets will go down I don't think CLL we go another direction .

I take a more cautious approach right now .Will not make the mistake I did in 2008 by not following closely.

Share
New Message
Please login to post a reply