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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: Big wall to take out @$5.00 / Spiderman

May 20, 2008 11:46AM

May 20, 2008 11:49AM

May 20, 2008 11:52AM
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May 20, 2008 01:29PM
Not that I know for sure but the short answer is No. I think a lot of retail investors and maybe a few institutions put those $5.00 ask prices up early not thinking it would be reached anyway, which it wasn't. They would be happy in taking a profit at that level. Oil price is a little scary right now,IMO, because of the straight line up. Some guys might take some off the table and wait for a dip, if there is one in the CLL SP. Look for that wall to disappear quickly if the Oil price continues up tomorrow.

May 20, 2008 04:15PM

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