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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Speculation

Speculation

posted on Feb 13, 2008 01:39PM

With money coming back into equities, oil above $90, natural gas recovering most energy firms will be making money, CLL included. DG seems to be not interested in the SP right now, just the process of building a good company, which is fine by me. The land sale regarding oil sands leases was low which may indicate a drying up of good leases. CLL's costs are in place for POD 1,  POD 2 seems to be just a matter of time with the money in place. Firms looking to get into the oil sands may be sniffing around, but may want to hold off until the EUB has something to say about POD 2. When and if POD 2 gets approved with whatever restrictions may be in place the SP will go up. If not a take out will happen because of the lack of good leases, a cheap price for a producing oil, gas and refinery company. Just my opinon.

 Spidey

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