Agoracom: Small Cap Investment - Connacher Oil and Gas - The New Year Will Not be Good for Connacher

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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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goingsolo

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The New Year Will Not be Good for Connacher

posted on Dec 28, 2008 09:26AM

Hi all,

Please see slide 6 of the most recent slide presentation. To make it to the end of 2009, Connacher is counting on fully excercising their 200 million of credit capacity. Dick has never stated the exact covenants that regulate this credit, but it concerns me that this cash will not be readily available to Connacher with the recently announced cutbacks. Regardless if they are based on production or cash flow, we are hooped on both fronts.

Regards,

Solo

2 Recommendations

Re: The New Year Will Not be Good for Connacher

niceguy8989

Dec 28, 2008 10:17AM

With Reguard To End of 2009 Cash and Bank Credit Position

niceguy8989

Dec 28, 2008 11:44AM

Re: With Reguard To End of 2009 Cash and Bank Credit Position

MarlboroDog

Dec 28, 2008 03:30PM