Hi Dodon,
Let assume we weaather the strom as DG is fond of saying and end of 2010 cll is producing 24,000boe/d both oil sands , and conventional, how do you arrive at 15$ sp? I think if this happens we can expect no more thant 7$ in sp. Our debt is huge 800 million and we will see more dilution as the convertible dibuntures become common shares. THey should have raised the money when the share was 4 and would have raised about 400 million that would have halfed our debt and they should have produced more sweet oil to weather the strom
The debt scares the hell out of me, if oil goes down for a prolonged time.
I have brought from 1 to 5 and ihave averaged 3.8 and never traded it. But now i have no faith, too big debt.
would be good if you shed light on the 15 per share if we wather the the strom.
Now even it is hardered for us to be taken ober cus we are very expensive and our resources barly 1bil barrels.
am worried