Connacher Oil & Gas Ltd CLLZF

Nervous yes - hopeful yes

[leveraged1]

Some say let the ticker (tape) talk. The ticker tape says investors are prepared to buy volume near 30 cents. That tells me someone wants (and has reason to believe) 50 cents. At that point I let out a large sigh of relief. A share exchange with a part cash option is the way I recall some of the more favourable reorganizations in the resource sector involving a new partner. The certainty  expressed by the CEO in the conference call that the balance sheet would be dealt with in 2014 made me think. He may have the structure of a deal and the timing already worked out. It is just a matter of plugging in the appropriate numbers at the designated time. Numbers based on an agreed formula taking into consideration such factors as :  production levels, interest rates and the price of crude on that date (in 2014). Anyone with knowledge of this formula and the manner in which the various factors are materializing in this time frame - might be prepared to pay close to 30 cents..... I hope they want 60.