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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: Institutional Ownership

Mar 04, 2008 09:53AM
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Mar 10, 2008 07:32AM
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Mar 10, 2008 08:25AM

Mar 10, 2008 09:26AM

Institutional ownership(reported by Reuters) is flirting with 8% for as long as I remember. It must be long considering my age. Small fluctuation (+/- 0.2% to 0.4%) is most likely related to market condition.

Majority holders (reported by Stockwatch) are index and energy related funds who are obligated to hold CLL due to their investment policy. I do not know how reliable the Reuters and Stockwatch numbers are. They show totally different # of institutions.

CLL short position  8.4M is about 50% of the institutional ownership. It is stuck at this level since Dec31/2007 to Feb29/2008.

Bitumenbill

6.5% Royalties are on Gross Raveniu (Pre Payout new rates). Not a Net.

http://www.energy.gov.ab.ca/Org/pdfs/RoyaltyTerms_OilSands.pdf

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