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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: $89 Oil Today, Very Good News for CLL

Scott

Little harsh don't you think..CLL has indeed failed to meet production levels but has also had extremely bad luck in timing and has now had 2 bear raids on it within the last 2 years. Imagine where we'd be had the 2008 collapse not occured..Shorts knocked it down to .62 from over $4.00..Now CLL had all that cash on hand but wanted to save it for expansion so they chose to issue 220 million shares at a ridiculously low price to cover operating costs..They also scaled back POD1 production and the POD has never produced properly since..BOTH mistakes IMO but hindsight is 20/20... Now we get production increasing and we get another crash...

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