Re: bid at Ameritrade well above offering price$1.50??

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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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dondon

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Re: bid at Ameritrade well above offering price$1.50??

in response to

Re: bid at Ameritrade well above offering price

rebels1

posted on May 28, 2009 11:19AM

the proper comparrison was indeed the high .60s to .70s ie ".90 is to .70 as $1.50 is to .90,for those of you bemoaning this dilution the option is ttheir to average down extrapolation alone dictates that a doubling of production should elicit a douuble in CLL pricing ie $1.80 and yes a further escallating price of bbl price and $2.00 + is not out of order.

If $100 +/bbl had CLLs production of 10000/bbl @$6.00 plus think of what 20000/bbl will fetch"its all about extraploation"??

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