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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

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sharky

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in response to

Re: Canaccord

cameron07

posted on Jul 12, 2010 01:41PM

After the reserve report the sp from CLL is raised to over 2 $.

I guess this is mostly based on the reserves and not Algar.So can we assume at current stock price CLL is not a risky entry point.From what we saw with UTS they got a lot more then their sp before Total took over .

Could it be that most analist are more focussed on the higher reserves year on year then production level because most of the cash they generate is for paying down debt.

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