Faith in MNGMT
in response to
by
posted on
Jun 02, 2009 12:08PM
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
My belief and faith is gone in this management.I don't think DG and team aren't the smartest men on earth.
They burned to much cash and made wrong decissions.One of the last was curtailing pod 1 for only a few weeks cause oil price made a quick dive.They were at nearly 10.000 bpd and after the curtailing they needed ESP pumps .
Financing Algar and taking such a huge loan on their back .The bankers must been laughing to found a fool to pay such an interest rate.
They went for the quick start and see where we are now?They earlier announced there shouldn't dillute the stock anymore.I think they are hiding things.They don't talk straight.
Like Brian said CLL is only a trading stock .