As everyone goes back and forth with what CLL's actual production is, the fact of such exemplifies another problem. Namely, that Connacher communications, as per the norm, are about as clear as mud. Simply demonstrates again, the attitude of management as regards the investor and what is it they are trying to cover up?!
Brian
I think because they have to install those ESP pumps shows that's it's not going well to achieve the target.I still can't get it how we are landed in current situation .Compared to a year ago many things have changed the outlook.
So it's easy to claim that they wil achieve 50.000 bpd but how they gonna make it is still not clear after what we have seen latest year.
Maybe something for our calculators up here.Supposing we reach 20.000 within 2 years from now and oil price is at same level like today.How much earnings can they make by then?If 10.000 bpd was not enough then 20.000 will also far to less because the number of shares is doubled.
Again the us $ has reached 1.5 us for 1 €.So IMO the oil price is just an adjustment to the falling us $ .In fact the oil price is just an artificial thing right now.It's not demand driven but either related to the US $ and the gold price.