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Connacher Oil & Gas Ltd CLLZF

"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Bullboard Posts
Post by syl3993on Apr 14, 2006 10:59am
400 Views
Post# 10678318

Full prediction for CLL (revised)

Full prediction for CLL (revised)After careful DD, a couple of emails to CLL and EUB"s Byron and a couple of questions answered here on this board, I am ready to make a prediction. Tomorrow we will start to see weakness from the shorties. We will close between $4.80 and $4.90.(we did see weakness,closed @$4.71, off by $.09) The fireworks will begin next week strarting on Monday where we will close between $5.10 and $5.25 in anticipation to the EUB approval on Tues. apr.18th at approx. 2pm. We will close on tues. between $6.25 and $6.50. (still believe in this date and I think the bashers are too. That's why we saw weekness on thursday) Connacher will drift a little after that till May 10-11th where CLL will release a news statement updating it's assets following the aquisition of both Luke and the refinery. CLL will close on May 11th between $6.75 and $7.25. (shareholders meeting may 10th I believe) Connacher will drift a little after this till June 10th where it have a news release with it's drill reports for both CLL and LKE. The results will be just as amazing as last August sending the share price into the $8.00 range. (june 10th may be a little early. shares have to be held till june 24th so the news release should come just prior to june 24th) The rest of the year will be filled with rumours of a takeover from one of the larger oil sands companies in the region. This will bring Cll to a new high of $10 by Dec 11th 2006. If this does happen, and I hope it doesn't, Cll will fetch between $12 and $14 per share. If there is no takeover, CLL will move into full production of 10,000 bpd by Mar of 2007. They will end 2007 with 20,000 bpd from the great divide project plus sask. production, PDP and whatever Luke brought to the party. (sounds good to me) And that is "Big oil for a small company".to quote Mr Gusella himself. Good luck to all longs who are still hanging in there. We certainly deserve it.
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