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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: Someone heard about this

Mar 08, 2011 01:36PM

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Mar 09, 2011 01:12AM

i read that on the other board.

Talk about a one-two punch. GTE drilled a dry hole on a giant prospect and then guerillas kidnapped a buch of oil workers contracted to Talisman in Columbia. What has this got to do with CLL ? GTE is buying PDP and the offering is a stock offering so PDP's value is tied to GTE's and that has dropped 15 % in the last week, CLL holds 21% of PDP. I don't want to sound superstitious but PDP has been a hard luck story for years now and it seems co-incidental that GTE suddenly finds itself under a dark cloud... I wonder if the price drop of the last few days has anything to do with the PDP deal???

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