Re: The Most Pernicious Element Depressing Connacher
in response to
by
posted on
Oct 28, 2010 09:19AM
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
Agree with you Dondon...
I think that Connacher will move up after Q3… I’m concern about the cashflow, however, if our production can reach 16000 boe, i think we can go back to 1.75 very quickly.
SP is below NAV and we’re producing… Very cheap stock !!
With 16000 boe and oil at $78
Ann. |
||
Netback |
$ 30 |
$ 172,800,000 |
Debt |
$ 100,000,000 |
|
Admin |
$ 5,000,000 |
|
Other |
$ 25,000,000 |
|
$ 42,800,000 |
About… 10 cents per share
I think that the worst is behind…