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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 poulton50on Sep 05, 2012 3:36pm
485 Views
Post# 20321155

the same pattern as October 2011

the same pattern as October 2011

Agree. We are on the same pattern.

In both instances the trading pattern was created by the rumours and had nothing to do with the technical indicators from the charts.

In Oct 2011 the rumor of sale turn out to be the letter of non binding proposal (insult to shareholders as describe by the CEO).

This time around CLL management said: " it doesn’t comment on rumour or speculation” effectively setting the dumper on the trading volume.  We can only hope that CLL will not follow the declining slope of the last year pattern.

 

Bullboard Posts