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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: Re: More forward thinking and Q2

Aug 10, 2011 05:34PM
1
Aug 11, 2011 01:30AM

Aug 11, 2011 10:10AM
1
Aug 12, 2011 02:58AM

I said that Q2 was not bad because it was in line with estimates posted on this board. There was no major negative surprises except 2011 reduced bitumen guidance by 11%.

I think for some shareholders who ignore the reality (numbers) $64 million payments to the banks for refinancing skim was shocking.

Short interest for CLL is very low (~ 800,000 shares last time I check). Short sellers are not the problems. As stated previously by some posters .. credibility is the main issue here.

Interesting opinion from Scotia Capital:

"JV process may be stalled, but an outright buyer might be uncovered in the process"

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