Re: cll mentioned as possible takeover target on bnn
in response to
by
posted on
Aug 25, 2009 03:40PM
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
Interesting predicition, nice to see somebody step out onto the ice:
"Production about to go down until after turnaround, I think if the production doesn't get up to 8000-8300 bbl/d within a week after turnaround we could see a .70 cent SP. If it gets up to 8500 bbl/d we will see north of a buck."
It is exciting to see the $46 WTI Swap fall away. Then the $60 - $80 Costless Collar goes into effect. Still not sure what the difference between a Swap and a Collar is, unless it's just a fixed price versus a range.
Also the turnaround is suppposed to be short-lived, sometime in September.