Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: Re: $4.40 wall taken down, onwards & upwards ^ ^ ^
I think thet only get 4.75% on the debentures. The $5.00 is an option price, basically they have to pay CLL $5.00 per share. If they were/are short they have an option to cover their shorts at $5.00. Make sense for a shorter to buy the debentures with short money, doesn't make sense to not take advantage of a $3ish SP.
Share
New Message
Please login to post a reply