Re: Trading volume
in response to
by
posted on
Apr 28, 2011 04:35PM
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
Down one penny on on 19000 vol, we were over a million yesterday.
I'm just home from afternoonshift and indeed very low volume ,probably one of the lowest.Like Brian wrote the stock prices are lagging the commodity prices.That's a fact .Big energy stocks don't follow this trend as well.
Nick maybe we get a chance the stock will go up in light of the news release in May.If you take a look to the chart on a large base there is indeed some action in May .Today I heard from union guys the chemical sector is doing very well compared to past years and i assume this is same for energy companies.Most big companies has used the crisis situation to get rid of workers and will replace them with lower paid and less good deals .So markets could be supported by the good earnings.Just my opinion.
About these 3 wells I don't think we can't expect much as extra earnings from these.Someone I believe posted a possible output per well and that was not much I thought or I'm wrong.They lost also the part of their conventional extra because it's sold.
How much is the bitumen price up compared to previous months?