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!!! but is the shutting down of production gonna be a negative?

Dan_1984

Thanks for the approx date,,,I agree on selling and buying something else..Notice how UTS is climbing as CLL is tanking..I know you can;t really compare the 2 as UTS isn't producing. I think CLL will do the same as UTS,bottom around .67 then climb up to the .90's.

CLL is still going to produce 5000 bbs bitumin and all the NG and conventional oil, add in Montana and it's nothing to sneeze at. I'd say considering revenue, and the Oil reserves CLL should be trading in the .95 to 1.15 range under current market conditions.

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