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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: Prediction

I would say they would hold on the their market share of Syncrude as a production hedge. Their cash flow can supply CAPEX for the future...word is expansion will be a go again soon as costs come skyrocketting down and they can offer construction contracts for retender.



At any rate, wouldn't make sense to sell their 12% in Syncrude at a deflated price, maybe sell after a recovery. I think we will see more M&A activity in the oilsands...CLL is a sitting duck.....

Maybe they'll be a spot for DG on Suncor's board, but, probably not...



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