My fear for CLL

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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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sharky

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My fear for CLL

in response to

Re: Oil Spill vs Oil Price

BKM8572

posted on Jun 01, 2010 02:55PM

Let's assume oil can stay above 70 .

How will they get the financing for their next projects and how will this effect the sp.

suppose they found a partner .How would sp react on that ?

they found no partner.What options are left ?Another dillution ?If so when they would do that and at what price?Until now they have never said it was their last one .Before Algar they onces stated "no more dillution"However the facts right now are a double share amount.Because we know DG can't wait for expansion he will go for it.
So if there is a big chance we get another financing deal with extra shares then it's better we were out of the stock before it happens or we are burned again.Any thoughts from other about how you think about their next financing situation.Have they other options left and what would be the best for us.
A take over from a big investor i could live with if Algar is running next year.

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