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: Re: The Debt is Worth More than the Company

Krissy, Krissy, krissy

At least you are consistent. I am still waiting for a detailed explanation from one of your past comments, but I am learning to expect that from you, comments with no backup.

Where do you get $1.2 Billion owing?

Today's cash flow is fine as the company is meeting its obligations.

It is an oil play, you borrow money, build, then get oil out of ground. When oil comes out you sell oil, you then have cash to meet obligations that were set out when you borrowed for the oil play. Along the way you might have a rough patch.

By the way I think the company owes $889 million.


Feb 19, 2010 09:00PM

Feb 19, 2010 09:57PM
3
Feb 20, 2010 12:21AM
5
Feb 20, 2010 05:32AM
Share
New Message
Please login to post a reply