Connacher Oil & Gas Ltd CLLZF

RE: like owning a junk bond

[zoltar143]

I took my exit yesterdad at 0.78$.  The price of oil is sub 100$ barrel and that does not speak well for Connacher.  Incured a small loss on 5K units.  That is okay as i was playing for a takeover.

 

The 20 day moving average is dropping and I cannot really see an upside that will support the risk.  I may be wrong.  Who knows, there my be a sale tomorrow.

 

Anyway, goodluck to all!