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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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Message: Re: "An Inconvenient Truth" Brian
1
Oct 23, 2009 11:50AM
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Oct 23, 2009 02:06PM

Oct 23, 2009 02:25PM
5
Oct 23, 2009 05:28PM

So Brian,

if you were in charge and oil was predicted to go as low as 20, what would have you done? Hidsight is perfect, why deplete your resources for 10/bbl and then paying the operational cost? I think management acted responsilby.

My beef is that they did not plan for a possible oil price crash. One way to do that was to raise more money when sp was high, imagine if they sold same half of shares at 5, same money less dilution and less debt

So tell me what would you have done faced with the same circum?

Believe

2
Oct 24, 2009 12:27AM
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