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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: cll mentioned as possible takeover target on bnn

Thanks Scott,

Your analys are intersting and eductional, I learned a lot from your posting. Keep it up.

Well I salivated about getting free PDP shares as cll share holder, before and when u mentioned it I asked DG and he said,it is unlikely cus of task implications, I do not know what he meant.

But curious, if that would happen, how would it work,there are 400m cll shares and 100m pdp shares. Would for every 4 cll one get 1 pdp shar?, but cll only has 26m pdp shares?

you mentioned that if merger is going to happen then there will be 100m more shares?

But I thought that if merger happens, new shares are issued reflecting the new value of the new company and therefore is no dilution to either companies. correct me if am wrong

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