share price: $3.70

CALGARY _ Connacher Oil and Gas Ltd. (TSX:CLL) says its Great Divide Pod One oilsands project "continues to exceed expectations" and has reached production of 7,000 barrels per day of bitumen.

The Calgary-based operator of oilsands and conventional properties said its total production has increased to 10,600 barrels of oil equivalent per day.

The steam-assisted gravity drainage project at Great Divide in Alberta is expected to reach production of 10,000 barrels per day of bitumen in 2008.

current sp:$4.55 nice gain from $3.00 in a few months.

The approval for Algar the next pod should be in soon in June or July.

Connacher Oil and Gas Limited (CLL - TSX) announced that on July 22, 2008 the company's production at Great Divide Pod One surpassed one million barrels of bitumen. This is a significant milestone for the company and its operating team in Calgary and on location at Pod One.
Technically, MSCD is bullish. The stock has been showing support around 3.66, resistance in the 4.65 range and is rated neutral today.
(Stoxline Canada Site: Stock Technical Analysis, Stock Rating)

This one is showing weak bullish signals. And as long as the MACD is running where it is right now, stay away. It is one thing to take a risk on a company trading at least 250,000 shares a day. This thing only traded 51,000 today [July 28th 2008] If you are going to take a chance on one like this, stick to your plan. On one as speculative as this, never more than 4 percent of your total portfolio.

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Connacher Oil and Gas Discloses President and CEO's Involuntary Share Sale
Monday October 13, 6:24 pm ET


CALGARY, Oct. 13 /CNW/ - Connacher Oil and Gas limited (CLL - TSX) today disclosed that its President and Chief Executive Officer, Richard A. Gusella, involuntarily sold a significant percentage of his common share holding in Connacher Oil and Gas Limited since October 6, 2008 in order to meet margin loan calls.
Mr. Gusella has advised the company's Board that he is "very disappointed to have been required to sell any shares of Connacher involuntarily but the sales were obviously triggered by the unprecedented deterioration in capital markets triggered by the worldwide credit and ensuing financial crisis. I have been a substantial individual shareholder of Connacher since joining the company in 2001 and have recently and consistently added to my shareholding position through the purchase of new issues, exercise of options and in the open market. My confidence in Connacher and its outlook remains undiminished and I anticipate adding to my holdings as circumstances permit in the future."

Connacher Oil and Gas Limited is a Calgary-based oil and natural gas exploration, development and production company. Its principal asset is its Great Divide oil sands properties, including its productive Pod One. Conventional assets in Canada, a refinery in Great Falls, Montana and an equity stake in Petrolifera Petroleum Limited (PDP-TSX) are also owned by the company.

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want to build a 150 mpg motorized bicycle?

Short this one for sure!

Moving Average

CLL is below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower.
Moving Averages

Bollinger Bands

CLL's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, CLL is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

MACD

CLL's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.

Stochastics

The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, CLL is neither overbought nor oversold.

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