Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Why Invest in Connacher?do the math!!!

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

Reply New Message

Back To Forum List View

Why Invest in Connacher?do the math!!!

dondon

Feb 26, 2009 06:50AM

Re: Why Invest in Connacher?do the math!!!

Booster

Feb 26, 2009 07:19AM

jurek

Rank: President [?]

Points: 4183 [?]

Votes: 52 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Why Invest in Connacher?do the math!!!

in response to

Re: Why Invest in Connacher?do the math!!!

Booster

posted on Feb 26, 2009 10:03AM

Dondon,

No offence but I would also suggest that you are confusing the Net Asset Value with the Pre-tax present value of future net revenue, not to mention the "Unbiased Facts' and so call "simple math".

Pre-tax present value of future net revenue is not the best indicator of the strength of the company. For example: TOTAL is offering under 20 cents/bbl of UTS bitumen reserves.

Present value of future net revenue you quoted is taken at $40/bbl.

Also remember that the revenue and profit are totally different things. Hope this helps.