Re: Dondon and Rebels 1 : A Question
in response to
by
posted on
Jul 10, 2009 03:52PM
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:
"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.