Re: Some idea's
in response to
by
posted on
Nov 06, 2008 08:06AM
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
Occidental $492M for 15% stake in Joslyn would not equate to $2.4 for CLL share. This calculation is wrong.
Do not forget that CLL has $3.3 debt per share.
Personally I would welcome any offer which would include the purchase of CLL convertible shares. This would be sweet.