Re: cll mentioned as possible takeover target on bnn
in response to
by
posted on
Aug 24, 2009 06:10PM
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
What SP bump, a low of .89 and a high of .90.
Cash flow is staying the same but will get better with higher oil and lower cost of NG. Maybe they should shut the NG in, Hedge 1 cash at below $50 wti about to end and costless collar cash about to begin.
Production about to go down until after turnaround, I think if the production doesn't get up to 8000-8300 bbl/d within a week after turnaround we could see a .70 cent SP. If it gets up to 8500 bbl/d we will see north of a buck.