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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: Dondon and Rebels 1 : A Question

Jul 09, 2009 08:16PM

Jul 09, 2009 09:31PM

Jul 10, 2009 02:45PM

Sharky:

"But I still have some problems to accept that just the crisis was the fact that our shares are doubled now and we face such a high debt with lower output then we were previous."

The crisis is the reason we're in the mess right now. High oil prices last year would have eventually caused a recession, but that would have been offset by oil prices lowering in response. IT"S MY OPINION that dilution was a prerequisite for financing arrangements, and other companies such as OPTI are doing the same. CLL had to replace the $200 million line of credit it cancelled and dilution was a required part of getting it done.


Jul 10, 2009 03:55PM

Jul 10, 2009 04:24PM
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