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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: Paper Investment Loss Question

I don't remember that at all. I do remember that PDP placed some money into ABCP, which was locked up for a while. That would have been around late 2007 or maybe 2008? I think the amount was just shy of thirty million. The ABC paper situation was the Canadian financial disaster that Purdy Crawford's panel was dealing with. I believe that PDP actually got most of their money out of that, a year and a half later, although I didn't pay a lot of attention to that at the time and just wrote it off mentally as a partial loss to Connacher since CLL owned a fair number of PDP shares.


Mar 30, 2012 05:37AM
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