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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: Re: PDP emulates its older sister CLL and is destined to fail
PDP

jpm
Mar 25, 2010 03:44PM

Mar 25, 2010 03:51PM

The end will justify the means, in hidsight.

CLL may not see the appreciate its means at the end. Heavy debt, totally dependent on the price of oil price, CLL is not structured to surve if oil falls, and oil will fall if we have an other recession in a year or so.

For exxample, they could have developed their light oil in the short term to fund the oil sands. At one point their slogan was " It is all about the oil sands"

It still beants me why not increas the production in their light oil ? I have given up cll moving to 6 even after Algar reaches commerciality.

They are obssesed with the oil sand that is why they span PDP, they could have farmed out and got decent chas to finace the things they get hard on, --- " It is all about the oil sand."

Believe


Mar 28, 2010 03:43PM

Mar 28, 2010 03:59PM

Mar 28, 2010 10:46PM
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