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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

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Message: Comforting

Something to remember, I don't want to go over all the reading again but I do believe that connacher does have a larger percentage of it's bitumen sales hedged, or it at least used to. After the sustained oil price that we had well over a 100 a barrel I wonder if they got to take advantage of that. There may be other factors here that Sprott (buying 11mil last week even though the math didn't seem to work?) and some of the banks are on to, this what they do for a living. Very volitile yes but maybe connacher is not in as much trouble as you might think. They have an untapped 100million line of credit too...

If you want to make some money in the coming weeks look at silver and buy some the day before yesterday. It stayed still while gold was / is making new records, now with any luck it will do some serious catching up. Did near 6% yesterday.

And I ask (cause I don't know) what incentive does Dick have to sell this company? He looks like he has it pretty good right where he's at...

And Sharky, if I ever get around to it I wanted to put some videos on youtube of my Canadian fishing adventure. The biggest fish I caught was a 10lb lake trout, one of the other guys caught a 16lbs coho (salmon).

The 3 month net change is green ya, my paste doesn't show it.

Institutional Holders

% Shares Owned: 33.66%
# of Holders: 33
Total Shares Held: 150,796,265
3 Mo. Net Change: 13,137,065
# New Positions: 2
# Closed Positions: 4
# Increased Positions: 13
# Reduced Positions: 9
# Net Buyers: 4
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