Connacher is demonstrating that

SAGD is very capital intensive

SAGD should be done by big companies with low cost of capital and benefits of large scale

SAGD underfperforms in terms of effective production

It is then no surprise that market is not convinced by "more of the same" approach; Algar completion perspective has not triggered a stock recovery

The last move has bee delineation of new reserves. And again market is not convinced. Because we all know that massive quantities of bitumen exist and this is not the key probem.THe problem is to produce bitumen at low cost.

Connacher is a very bad investment. I really regret to have given too much credit to Giusella.

The stock price has performed terribly recently in a period where dollar is loosing value and oil price is going up.

Hubisan