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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: MRCI Impact

Quote: "It's maybe not the best combination at all.If they hadn't purchased MRC they had not been so deeply in debt problems."



I may be wrong here, but from what I remember of the whole process, the MRC purchase was not that expensive. And immediately after the purchase, in the first year, I believe that the net profits from that division paid off the purchase in full.

I don't think it has been a good performer since that point, but I'm reasonably sure that it did pay itself off at the start, and therefore, really isn't a burden on us for debt at this point. As long as it breaks even, we aren't falling behind. And with any lucky, it will have a solid year again this year, finally.

This is just going by memory, but I have followed the stock fairly closely since around 2004 and especially since 2005, and it all made sense at the time.

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