Value today

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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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spiderman8

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Value today

posted on Feb 29, 2008 06:14AM

PDP SP has gone up by $5.00 in one month. This would add a fair market value to CLL of about 25-30 cents per CLL share. Cll has gone up by about 40 cents. So it could be argued that the increase in reserve return and the increase in production numbers only brought this SP up by about 10-15 cents. Production going to 5000 bbl/day I don't believe was already priced in. Sp could/should be at $4.00 range by end of March. Thoughts anyone?

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