Debt and financial charges

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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Glindway

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Debt and financial charges

in response to

Re: Positive opening/ discounted value

BKM8572

posted on May 13, 2010 09:24AM

I'm not sure that the SP will go above 3 $... I will never pay that price for Connacher

We'll have to pay an additional 48 millions for financial charges each year (debt interest) when Algar will goes in production. (now it's capitalized capitalized). That represent 4500 barrel/day of Algar production...