Re: Algar done on time maybe on budget... - sharky
in response to
by
posted on
Apr 16, 2010 11:10AM
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
Hi Scott
Agree with you about the houses moves on the sp.
I think sp will firmly start rising again after summer.All markets are in very high territory and i think they run at of steam.Then we are at start production too.
So far around 1.70 is a lot of action in past days.
I would like to buy back in the 1.55 zone .As for today the news has no major impact and CLL is in line with the markets and oil .
All by all this is not a bad event and now it's hoping on some stable envirioment from both production and oil price etc..
But I would like some eps predictions for Q's to come.It's not we can hopefully start prodcution that this can only support sp.We need to consider that we have a double in share amount as well.So before the deal with one pod sp was running towards 5 $ in latest spike 2 years ago.So we probably if we are lucky they can have 16.000 at Q 1 next year .What will MRC be doing on support side for sp?That's where it's all about .Cash flow and eps for a support in sp.
These analyst may predict what they want we need facts and hard numbers.