Re: Sinopec eyes overseas acquisitions
in response to
by
posted on
Mar 30, 2009 11:54PM
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
I am sure we will see him get rid of that big ole Cadillac limo for an electric two passenger vehicle. Just him and his Secret Service Agent.
Hi Brian
That's a good one.When I read that I saw him riding in my fantacy.That would be a nice pic indeed seeing US president in his Smart electronic car only with his agent and halfway his drive to the podium falling out of battery power.
Now on the other hand today I read that GM CEO must step asside .Also they stated that many Americans are asking for more less powerfull and smaller engine cars which consumes less fuel..Is that true or not ?
To Jurek
"Connacher could have Great Divide up and running with no debt at all, but without Luke and the refinery."Esch
Since the time I'm in CLL and also on this discussion board I became also more in line with your idea's about the company in total.Hedging is not a simple fact.Traders use hedging systems too in options trading with call or put optins .
It's all about timing.They curtailed pod 1 output but IMO to late because when they act the price was as his bottom and started to climb again.
The Algar deal after all was not such a smart idea to load us up with such a big debt .At that time there were rumours of banking problems.
Take PDP.They went to Argentinia.Drilled there on an area where before major companies have drilled and left the place.First they got some success but then Government put a demper on the price.Now the wells are depleting.
What's gonnna be in Columbia?Will government up there also put a maximum price on the oil?
Sometimes I have the idea management is running after the facts.They were always to late to earn money since we started up and instead the debt is going up.
Maybe latest idea was not bad to focus on ramping up their conventional oil which is cheaper .POD 1 expanding with a minor cost and better SOR 's an so making some profit and when they are sure they generate enough cash going forward with Algar.If they should consider to isuue more shares again that would be a bad fact.