Re: why invest in "CLL"
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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
Message: Re: why invest in "CLL"
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The debt we have is not for 50,000 bbl, it is for 20,000 bbl/d equipment. Based on gd, we will see about 15,000 bbl/d around summer of 2011. By that time CLL should have applied for next pod's and hopefully not borrow ahead of getting approval. Production at GD at about 9000 bbl/d will lift stock about .25. Investor sentiment may increase price/earnings ratio but we are a ways off of that.
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