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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: other outlook/Gunter

Apr 28, 2010 01:32PM

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May 03, 2010 02:17AM

What do you guys think about more and more insiders selling the CLL shares?

I've read that on SH board.Of course we don't know the reason why they sold but most investors bet on the fact they will start producing within a few months so why not wait?

The bourses are in a turning situation and i could be wrong but i don't see CLL moving up further why the rest is going lower.There is probably a good support at 1.60 level but if markets will trun more negative oil will go down and that could effect CLL as well despite they are near production at Algar.


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