Re: Acquisitions
in response to
by
posted on
Aug 08, 2008 07:01AM
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
I believe money to the tune of about $70-100 million has already been spent on Algar prep work. They will need all the cash they can get to get Algar going. I don't know anything about AOS, do they have a cash flow. If not, then a bargain basement price may not be a bargain for CLL as they would not have the cash then for Algar. CLL will also have to have cash in case production at Algar is not as good as they think it will be. They should have good cash flow but maybe not good profits as I think they will show a loss on the NG collar deal.