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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
Comment by Rebels65on Nov 14, 2014 11:19am
323 Views
Post# 23129157

RE:They got grilled pretty heavy on the call

RE:They got grilled pretty heavy on the call
Big question is this. WHAT WOULD THE NUMBERS LOOK LIKE HAD OIL PRICES NOT COLLAPSED? Up to this point I'm not seeing a major sell off? In fact accumulation distribution has increased by 1 million shares in the last three days. Now I'm not a savy investor but doesn't that mean that the big boys are accumulating and not dumping? Hell for every sale there is a buyer;. If, as some would suggest, CLL is a train wreck, then why is anyone buying;. Why not just let it fall to zero? MY guess is that all in the know are looking at PRODUCTION, NOT short term oil prices.. GET REAL PEOPLE it's not the price of oil, it's the CONTINUED ABILITY to produce that's important. Oil prices fluctuate.
Bullboard Posts