Re: Hedges HINDSIGHT

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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rebels1

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Re: Hedges HINDSIGHT

in response to

Re: Hedges HINDSIGHT

BKM8572

posted on Jun 03, 2009 09:07AM

Brian:

Your optimism is refreshing LOL ! all in good fun

Looks like the Offering will be successful meaning that CLL will have over $270 million cash on hand,,Yes it cost almost a 50% dilution, but on the bright side we've got 200 million less debt on the books.

With that kind of MOULA and oil testing $70 it would be pretty safe to assume that unless there's a major catastrophe like an asteroid hitting mother earth then CLL will live to fight another day.