Re: Resource journal article - sharky
in response to
by
posted on
Feb 11, 2010 12:58PM
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
I repeat should
That would be ok of course but we have as a reminder the same they told earlier about "no dillution " .The past now has given a different story.But until now we don't have to worry about that so indeed sp could be supported .
For sp evaluation it will depend towards the big investors will looking for.On earnings per share I don't think we can expect much because most of it will eaten up by the debt situation.If they will look on cashflow that's something else.So maybe for a small company that will be most focussed .
We could have a better future ahead if oil stays above or at current level ,no problems occur with Algar ramp up ,and if later on they would focus if they had the economy on their side etc.. to reduce the debt.Then I believe we can climb back in the old range but I'm not so optimistic this will be fact this year .