Re: CLL's Last Stand-News Release
in response to
by
posted on
Jun 10, 2009 06:08AM
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
Rebels,
I adore your optimism. you see good things where other see bad. But with logic. I envy you.
But still worried cus we are at the mercy of oil prices. Warrent Baffut reportely told his sone, Howey when the later asked his dad to invest in his corn farm that " No one comes to the market to buy Howey's corn" Th sage of Omaha was refereing to somethig called competetive advanged/durable advanged.
In the same token, no one comes to the market to budy Cll's oil, that is the problem
But if oil stay high, we can cover costs with cash flow, that will be good news, but with the global economy in shabmles my aprehension is oil price may collaps and then cll is done. Too much debt.
150+200 new debt
100 debentures
600 previosu debt
that is over 1 billion debt
believe