Re: CLL's Last Stand-News Release-rebels
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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
Message: CLL's Last Stand-News Release
Booster:
" as the Corporation's available cash balances would exceed the estimated remaining $200 million of construction, drilling and completion costs for Algar, assuming stable economic conditions.
Correct me if I'm wrong, but that statement clearly states that there's more than enough cash on hand now ( without the new financing) to complete Algar, assuming stable market conditions. Now I interpret STABLE market conditions to be ( as I'm sure DG does) sustained oil prices above $45 U.S.
The KEY WORDS in the second paragraph are would provide additional liquidity and financial flexibility for the Corporations normal course business activities. IMO this is AKA an insurance policy.
" June 10 release-underlined...... btw $70/barrel - when? Will it be before we run out of money?
From Bloomberg today
http://www.bloomberg.com/markets/com...
| PRICE | CHANGE | %CHANGE | TIME | |
|
|
70.560 | 0.940 | 1.35 | 10:59 |
|
|
579.750 | 10.750 | 1.89 | 10:59 |
|
|
200.100 | 3.430 | 1.74 | 10:40 |
|
|
184.350 | 3.590 | 1.99 | 10:39 |
|
|
3.758 | 0.027 | 0.72 | 10:39 |
|
|
71.550 | 1.540 | 2.20 | 10:39 |
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