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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: Good posting
1
Jun 17, 2010 10:54PM

Jun 22, 2010 12:25AM

Jun 22, 2010 08:10AM

Jun 22, 2010 11:12AM
3
Jun 22, 2010 02:00PM

Well put, Sharky. You're certainly not the first to be worried about the loans, and you won't be the last.

Hopefully a good reserves report will be a step in the right direction, and strengthening the balance sheet will strengthen the SP. But history has show that the previous significant increases in reserves since 2005 have done very little to inflate the stock price. It's a shame, because the company might have to increase the share base to raise funds, at an unattractive share price, instead of being able to rely on the bankers.

But on a positive note, I'm sure that Gusella is well aware of this, and he has lots of time right now to start tackling the debt problem, rather than being forced up against a wall in a environment with absolutely no lending.


Jun 22, 2010 03:17PM
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