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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: The increase in SP today

I think CGY_B21 is correct in attributing CLL's SP activity these last two days to the newspaper article about an Indian co, ONGC, looking to acquire a heavy oil asset in Alberta capable of producing 10,000 bpd. They quote the asset is worth at least $1 billion. Investors are either speculating this has something to do with Connacher (I doubt it) or they are somehow equating this $1 billion value to a 10,000 bpd SAGD POD (maybe in time).

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