Agoracom: Small Cap Investment - Connacher Oil and Gas

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

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Re: For Those Who Are Nostalgic

Road_Warrior

Nov 19, 2008 04:07AM

Re: For Those Who Are Nostalgic

bbqdays

Nov 19, 2008 04:31AM

Re: For Those Who Are Nostalgic

BKM8572

Nov 19, 2008 05:15AM

Re: For Those Who Are Nostalgic

sharky

Nov 19, 2008 05:24AM

Re: For Those Who Are Nostalgic

dk_co

Nov 19, 2008 05:31AM

Crude could hit $40 a barrel by April, Deutsche Bank says

sharky

Nov 19, 2008 05:36AM

Re: For Those Who Are Nostalgic

sharky

Nov 19, 2008 06:18AM

jurek

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Re: For Those Who Are Nostalgic

in response to

Re: For Those Who Are Nostalgic

bbqdays

posted on Nov 19, 2008 06:37AM

Good work bbg.

I would add 1 more date to it . POD1 going Commercial in March 2008 and reporting first cash flow. 20 months from the approval.

dk,

I listen to the conference call 2 days ago. Q&A session was most reviling. Management was under very "intensive drilling" by annalist from the investment community about the POD1 operating cost, MRC performance, 2008/9 capital spending and loan covenant.

Interestingly the $373M 2009 total capital spending for Algar, POD1 ($28 M), MRC ($26M) will "eat up" CLL line of credit and CLL projected cash flow based on $80 WTI Oil.