Re: Underperforming
in response to
by
posted on
Jun 25, 2008 05:24PM
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
I don't knock the financial wizardry but IF you had confidence in meeting your production numbers when predicting them a year ago, you should have confidence in the financing. Getting financing is much easier from a producer then a non-producer. CLL wrapped up the deal before production had begun at GD, this was a costly and unnecessary move. DG can defend it and anyone else can defend it but IMO too early and too high a premium. I also don't under estimate people who may or may not know about Connacher. I think more people know about us then you think, they just won't invest until the gorilla goes to work. Like I said I have been buying and I will keep buying, the reserve report should give us a little pop, and the approval should come soon.