Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: A Question for CLL Investors! - BKM8572

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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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BKM8572

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Re: A Question for CLL Investors! - BKM8572 - 2crude? hedging

in response to

Re: A Question for CLL Investors! - BKM8572 - 2crude? hedging

spiderman8

posted on Sep 22, 2009 10:54AM

Spiderman:

When in a precarious financial position and with an ongoing major project which will be for a company the size of Connacher very expensive and when already highly leveraged, a hedge at a level well above your cost will make sense and be wise every time. There is a time for caution and a time for risk. For Connacher, this is not a good time for unnecessary risk!