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

Free
Message: Re: Observation "FWIW"
1
May 28, 2009 11:37AM
4
May 28, 2009 11:57AM

Brian

I can appreciate your anger, along with everyone elses...You've got to look at this situation and ask yourself, can I make money on this play and the answer is yes. If the market is as pissed as you are, then why is support building above $1 and millions of shares are trading up. No seriously, I'd like to know. I'm still trying to figure out whether the .90 is going to be the new bottom and onwards and upwards we go, or will .90 going to be the starting point and we're back down to .61 which BTW was March 20,,( how soon we forget).

LOOK closing date for this offering is on or around June 5th so the next couple of days are very dangerous. If current upward support means the market has already priced the offering into the price then we're good to go.However if this is just shares changing hands prior to the downward storm,,,then look out.

Me, as a long I'm not going to get burned twice in one year..I'm putting in stop losses as high as I can that way if SP tanks i can get out and back in when the bottom is established..BTW when this is done dilution doesn't matter as increased qty of shares compensates for dilution.

1
May 28, 2009 12:31PM
3
May 28, 2009 12:39PM
2
May 28, 2009 12:42PM
5
May 28, 2009 01:30PM
1
May 28, 2009 01:54PM
1
May 28, 2009 01:59PM
1
May 28, 2009 02:27PM

May 28, 2009 02:58PM
2
May 28, 2009 05:22PM
2
May 28, 2009 07:48PM
1
May 28, 2009 08:41PM
3
May 28, 2009 08:52PM
1
May 28, 2009 09:05PM

May 28, 2009 09:49PM
4
May 28, 2009 10:19PM

May 28, 2009 10:45PM

May 28, 2009 11:13PM
3
May 29, 2009 04:04AM

May 29, 2009 07:40AM
1
May 29, 2009 08:05AM
2
May 29, 2009 08:39AM

May 29, 2009 08:54AM

May 29, 2009 09:08AM

May 29, 2009 09:19AM
3
May 29, 2009 09:46AM

May 29, 2009 09:58AM

May 29, 2009 10:06AM
Share
New Message
Please login to post a reply