Re: Poor Production
in response to
by
posted on
Jul 15, 2009 04:01PM
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
Sharky:
"Well the result of all these actions is that they lost a big amount of barrels they can't sell because they lowered the production"
Could you explain this statement to me !!! I may not be the swiftest knife in the drawer, but the oil didn't go anywhere. Oil stays in the ground, it doesn't grow legs and walk away. It's not a perishable product. THE oil is still there and can be pumped and sold whenever. The only thing cutting production did ( besides adding new costs to restart, which will be recovered by selling the oil at a higher price) was cut into sales volume.
Agar, financing etc,,, We've been down this road before..HAVE you heard of the worldwide economic collapse over there in Belgium yet...Hell Gm, Chrysler, Nortel among many other BANKRUPT,,
As they say on this side of the pond SH#T happens....If the collapse never happened we'd be arguing right now about how long Algar is taking to finish being steamed up and how bad management is because SP is $7 and not $9..
BTW
small investors only pay the price when they don't pay attention..Right about now many small investors are making serious coin with CLL.