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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: Underperforming

Jun 25, 2008 07:09AM
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I dunno Spiderman, personally I have a lot of confidence in the Connacher team. They knew going in that Algar approval might not come until the 3rd quarter. IMO if approval comes in August it'll be pretty much what was expected. They must have some pretty bright financial people on the team.

I think the SP problem is people still don't understand Connacher is actually producing whereas a lot of these other Juniors are just praying the price of oil stays high so somebody comes in and buys them out. If the price of oil drops they may be in trouble, whereas Connacher will still be sitting pretty selling product and even still increasing production at conservative netback estimates. We're still misunderstood, undervalued and growing.

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