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

Free
Message: can comparrison be made?

can comparrison be made?

posted on Oct 22, 2009 07:37PM

so can a comparrison of worth be compared here Connacher will be producing 50,000bbl at maturity,food for thought eh?

National Oil Corp. in a deal valued at $4.1-billion, including debt.

Calgary-based Harvest Energy said late Wednesday that the deal with the South Korean national oil company values its units at $10 per share, for a total cash consideration of about $1.8-billion. The deal also sees Korea National Oil assume $2.3-billion of debt.

Harvest Energy units closed down a penny at $price over the past 30 days.

Its daily sales in the quarter averaged 52,745 barrels of oil equivalent per day, down from 55,574 a year ago.

The trust's refinery operations average 52,808 barrels per day, down from 100,422 barrels per day in the same period last year, as plant underwent a planned turnaround.

Harvest Energy is scheduled to report its latest results in early November.

Share
New Message
Please login to post a reply