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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: This week and after

This week and after

posted on May 05, 2008 01:33AM
This week could be a good one and also week after with AGM.

Will we smash the resistance at 4.4 ?
Personally I don't think so because that's a tough one and DG has almost announced everything in talk shows and other events except the price they get for bitumen.
Next Q 's could lift us above but I hope I'm wrong in my first prediction.
What I also don't understand quite well is the chart about the falling cashflow.
If they have all fixed like they pretend for Algar and like DG said last in an interview that from now on cash flow will rise from POD 1 ,why will it go down then?
Where will they spent that money if next project Algar is already funded ??
Has someone another view on that item??Still little confusing to me.

May 05, 2008 05:13AM
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