Connacher Oil & Gas Ltd CLLZF

Time frame

[bert2]

 A reasonable person has to ask why the pp was anounced without a price  given  the market  perforamance and the price of oil since the announcement to  untill  today we could have expected additional rise in the stock price over the period  and surely they could have kept a lid on the news for eight days. 


Looking at the charts it appears the news was actually leaked  ( I wonder by who ? not  the banks )      on the 14th  if you compare   the tsx index for the period since  it is up 5%   while Connacher is down 30%

It appears this was done to dump the share price to make the low price offer look more reasonable  Just tracking the TSX not accounting for  the oil price rise it  is reasonable to conclude Connacher would be trading at 1.50+
today  without the premature anouncement 

Score board

CLL   + CLL shareholders   ZERO      Banks           ONE