Concerning the the proposal that some shareholders are advancing to sell MRC and Connacher's natural gas operations. We need to remember that the $600million loan that Connacher got and its extended credit line from its banker were based on Connacher:
1) purchasing MRC in the first place, and
2) Connacher's banker made it hedge half of its surplus natural gas production in order to raise Connacher's line of credit
Question: If Connacher were to sell them, what does this do to Connacher's loan and line of credit? I don't know the answer to this.
Cheers; Scott