Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Eric Nuttall from Sprott Asset Management on Connacher Oil & Gas

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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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Road_Warrior

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Re: Eric Nuttall from Sprott Asset Management on Connacher Oil & Gas - Marlboro

in response to

Re: Eric Nuttall from Sprott Asset Management on Connacher Oil & Gas

MarlboroDog

posted on Feb 10, 2011 08:53AM

Hi MarlboroDog;

I have been posting on this board for a long time and my credibility speaks for itself. I have received compliments in the past from many readers for my summaries of quarterly reports as well as other videos and reports that I have found and reported to readers on this site. When ever I have made an error in my reporting in the past I have been the first to acknowledge it, and whenever an error has been pointed out to me in what I have reported by other honourable people on this board I have always apologized for my error and corrected it when it has been pointed out to me. I am not a pumper nor a dumper. My objective is to post factual information about Connacher for readers who do not have the time to listen to these video segments for themselves or to wade through annual general meetings or quarterly reports.

I replayed the clip with Eric Nuttall over and over again many times on my PVR last night so that I basically had everything that Eric Nuttall said almost word for word as I have reported here accurately. If you are disatisfied with what I posted MarlboroDog then listen to the clip for yourself: http://www.bnn.ca/Shows/Market-Call-Tonight.aspx

An interpretation of what Eric Nuttall said, which you are taking issue to is that Connacher is the most leveraged oil company in Canada. Basically Connacher is almost totally reliant on its sale of bitumen (for a price a lot lower than the Brent price for oil), and it has huge debt. What is so untrue about this? Jurek has already shown the latest numbers that Connacher is not making very much profit. The facts are the facts. Eric Nuttall gave Connacher a Buy rating which is on Stockchase.