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UPDATE: Connacher Oil & Gas Suffers Slight Dip, But Still Above 90 Cents Mark

Connacher Oil and Gas Ltd (CLL.TO) which has been getting a big push on its share price after it said yesterday that it had received a confidential, non-binding and unsolicited proposal from an unidentified entity to acquire all of its outstanding shares, is still trading above the 90 cents mark, at 91 cents.

This is a slight dip from its previous close of 92 cents. Connacher shares hit $1.00 at 9.34 am.

Connacher also has been recently touting its improved liquidity and ongoing business plan with investment advisors. It also said selling prices for bitumen are up over 50% above average.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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