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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

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Message: Re: A fellow long CGY

Jun 11, 2009 06:30PM

I think we should bid take over fantay goodbye for now. I mean with good return to shareholders and below are the reaons

Now the debt and shares CLL's enterprise value is 1.5 bll. I I was big company I would buy cll at curent share price. Without a debt we could have gone wih 7 to 8 per share, but with current debt that puts cll about 4b plus debt about 5b. That is very expensive. But if buyers thinks cll' share in pdp is about 300 mil at it were beore pdp went down, then that can reduce debt and factoring i MCR that may get us about 7. But at current situations CLL will either survive on its own or perish and get sold in pieced to pay day.



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