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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: cll mentioned as possible takeover target on bnn

Scott:

I'm not a takeover advocate, I prefer my cll on it's own.. That said I'd have to argue with you about it's viability as a target.Yes total debt,including future tax obligations and employee benefits total 1,101.135, 000. However with total assets valued at 1,723,370,000 it still has a shareholder equity value of 622,235, 000. In fact the share price is currently way undervalue at .89..If you take the shareholder equity and divide it by the total diluted shares of 439,890,00 you get $1.41 a share.According to my calculations our SP is 60% below true value.

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Aug 28, 2009 09:28AM

Aug 28, 2009 10:46AM
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