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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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Message: Re: New earnings estimate

Jan 28, 2009 04:18PM

Hi RDOT

I think CLL Current Fiscal Year EPS estimate from Web Broker refers to 2009 and is generated mechanically (software) by the Computer. Computers are as good as their programmes are (ask booster , he may have something to say about it).

Anyway, $89 million pickup on the currency swap unwind will be added for Q4/2008 as X-ITEM (extra ordinary item) and will add about 40 cents to CLL 2008 net earnings. I will just add that with out this money CLL would not be able to pay their bills and projected 2009 operational maintenance and CAPEX.

The new (revised) analysts estimates for 2009 CLL cash flow are in 10 to 15 cents (at WTI at $60/bbl). As of now the WTI average is about $40. (Somebody better push this price higher fast).

CLL 2009 average earnings estimate (by 3 analysts) is minus 16 cents ( lo -$0.35 hi -$0.01).

Revised 2009 CLL price targets are:

RJ $1.25/sh

RBC $1.5/sh

Scotia Capital $2/sh




Jan 29, 2009 08:16AM

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