Re: Conference Call/Charlie
in response to
by
posted on
Nov 27, 2008 05:14AM
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
on the oil trust you have to factor in any hedges (also as a % of production...math can make head spin) to get true picture. I am in Conroys and CLL as oil plays, if you are in conroys, drip the divy and get more shares monthly as most pay divys every 30 days. CLL I always figured was a long term play due to real pay out being after Pod2 up and running and Pod 3 in development. The lower $ for oil does concern me since they are going to be burning $$ to get Pod 2 built and up to speed, hopefully they can get it done without any dilution (i know they have the financing, but with oil dropping thier revenues are falling off cliff). Best of luck to all and hpaay thanksgiving to everyone, take care
Rex