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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: Hedging 2010

I read this on SH .

What is the main opinion about his statement about the banks and CLL.

Is it a valid argument or not .?

In looking back at what has happened with this stock and the illustrious DG I have to wonder if this company was targeted by the major banks as a lesson to others who chose not to roll over for them .


CLL built strong on mostly retail financing and did not cooperate with the thieves gallery that are the Canandian Banks ..Even to the point of arranging financing outside Canada at great premium.


In return the banks shorted the stock at every oportunity personally attacked DG financially until finally he rolled over and sold them half the company and then some with an insane dilution that doubled the share count.

As I see it as long as he plays nice with the Canadian banks from now on they might let this stcok run a bit this year

Would I personally add to my present holding .. not a chance nor would I buy any PDP ( I remember DG recommending it at 18-19 $ as a great buy ) but I do think thre is upside for both companies this year

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