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: Connacher's Value

Martin

Encouraging indeed especially cause that doesn't include the other CLL revenue streams..

HOWEVER from that 9 943 600 a month comes approx 5 833 333 in interest charges on the long term debt or roughly $13.90 a barrel...Pretty sure netback doesn't include surprises like crap breaking or modifications having to be made so let's just say for arguments sake that bitumen sales is about a break even affair at current production levels..So any profit would have to come from other revenue streams...

pretty good in my oppinion but if you add it all together without further expansion CLL is a small profit company until debt is paid which could take another 10-15 years..For long term holders that got in at low prices this is an excellent company to hold. I don't think the big boys want to wait that long and will only play CLL to make a buck on peaks and valleys.

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