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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: 50 days left

50 days left

posted on Feb 26, 2010 11:08AM

With about 50 days left I expect to see a small gradual increase in SP up to the commissioning. If as expected the project is built on time and maybe even under budget a bit. This will increase the confidence of investors helping to kill off the penalty bringing the SP to around $1.60. IMHO. If under budget or even on budget the $15 million set aside for the amount over budget will be freed up.

Quite possibly they may already know they will hit budget and possibly use the $15 million to buy back some debt. Which will make Krissy very happy, me too.

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