Agoracom: Small Cap Investment - Connacher Oil and Gas - "Oil at $60 a barrel does it for us," /bbq/CSI/CK

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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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Naked CLL Shorts?

BKM8572

Sep 19, 2008 05:53AM

Re: Naked CLL Shorts?

rink

Sep 19, 2008 06:25AM

Re: Naked CLL Shorts?

BKM8572

Sep 19, 2008 06:32AM

Re: Naked CLL Shorts?

BKM8572

Sep 19, 2008 08:29AM

Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

CSIAguy

Sep 19, 2008 04:53PM

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

RDOTT

Sep 20, 2008 03:51AM

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

dbleagle1

Sep 20, 2008 04:58AM

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

jurek

Sep 20, 2008 08:08AM

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

CSIAguy

Sep 20, 2008 11:38AM

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

CKanner

Sep 20, 2008 11:42AM

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

bbqdays

Sep 20, 2008 12:00PM

jurek

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"Oil at $60 a barrel does it for us," /bbq/CSI/CK

in response to

Re: Quote from Richard Gusella, "Oil at $60 a barrel does it for us,"

bbqdays

posted on Sep 20, 2008 07:27PM

bbq/CSI/CK

I would strongly suggest that you pay attention to what is printed in the CLL financial reports as oppose to some articles in the news paper.

Remember that the financial reports are legal documents. Articles in the paper or presentations are not.

At WTI $60/bbl the CLL Bitumen would sell at $30/bbl. This would pay only for operating cost and Royalties. CLL was selling Bitumen for $60/bbl when WTI was at $120/bbl (see Q2 financial report).

After paying the financial charges and other cost CLL needs WTI at $100+ to report some net earnings (profit) from the bitumen production. Do not confuse this with the cash flow.

Good luck, Jurek.

Re: Naked CLL Shorts?

Rex Feral

Sep 21, 2008 04:39AM

Re: "Oil at $60 a barrel does it for us," /bbq/CSI/CK

diggersam

Sep 21, 2008 08:35AM

Re: "Oil at $60 a barrel does it for us," /bbq/CSI/CK

jurek

Sep 21, 2008 08:59AM

Re: "Oil at $60 a barrel does it for us," /bbq/CSI/CK

Knotmeter