Agoracom: Small Cap Investment - Connacher Oil and Gas

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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spiderman8

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Value per Flowing Barrel

posted on Jan 31, 2010 02:58PM

Just throwing this out there for some discussion. Currently trading at $1.20 with about 10400 bb/d of bitumen, conventional oil and NG. Gives a trading price of about $49000 per flowing barrel. This includes PDP Value and MRC. These 2 could argueably worth about 25 cents to the SP. So if we remove those 2 it would trade at about 95 cents a share or $39000 per flowing barrel. IF Algar comes on line and produces about 8000 bbl/d does everyone think the SP would rise by 8000 X 39,000 divided by 427 M shares or about 73 cents a share.

Open for discussion!!!