Re: Poor Production / NN

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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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jurek

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Re: Poor Production / NN

posted on Jul 21, 2009 05:38PM

NN, I understand your frustration but unloading it on me is not fair. Do yourself a favour and try to answer the question?

Who is responsible for the CLL SP oscillating around 90 cents mark? Who sold about 50% CLL asset at 90 cents per share and cut the CLL NAVPS in half?

I swear it was not me or recession or Commodity Funds pushing the price of OIL to $140 and then back to $35 or luck of funds to finish the Algar.

About the integration?

As has been explain to you previously, CLL bitumen production has no integration with the LUKE (NG) or MRC (refinery).

Luke’s NG is not used by the POD1 and POD1 bitumen is not refine at MRC. LUKE and MRC are two separate units and so far did not contribute to CLL free cash flow.

I know that this is in the past and we won’t change it, but ignoring the reality (as oppose to negativity or bushing) will not help you with your investment decision.