Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Sinopec eyes overseas acquisitions

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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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Sinopec eyes overseas acquisitions

Road_Warrior

Mar 30, 2009 02:40PM

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Re: Sinopec eyes overseas acquisitions

in response to

Sinopec eyes overseas acquisitions

Road_Warrior

posted on Mar 30, 2009 04:16PM

“The current oil prices are lingering at a low level,” Mr. Su said. “This creates more opportunities for upstream transactions. Sinopec is now more prepared for overseas acquisitions in the [exploration and production] segment.”

Read "FIRE SALE?"

They could pick up PDP and give us a 100% profit from where we're at now, and still be at a 2/3 discount from a year ago.

Interesting world where the state sets the price of gasoline.

Anyone know when the AGM is?