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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Message: Debt Problem

A pensioner on fixed income is barely able to eke out a living. His pension over the years has reduced due to inflation. He is cash poor and asset rich. If he could tap into his asset (house ) his life would be so much better. CLL is in the same boat, cash poor and asset rich. They need to unlock the value of their asset (600m barrels) to make the debt problem go away. It can be done through a buyout or buyin. I think management know this and the narrow trading range is telling us that it will happen soon.

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