Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: NEWS!!! BAD NEWS???? WTF???

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

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