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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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Re: Take over

in response to
Take over
by
sharky
posted on Jan 31, 2009 06:52AM

Sharky: Back in 2006 the expectation that was that oil would never again drop below $60 and would probably average $80 or more when CLL was producing out of Pod1 and Pod2. This is no longer the expectation and the uncertain future of crude price is a drag on all oil companies. I think a reasonable take over price in this market would be 3:00, but I would not tender at this price.



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