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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Message: You Have Got To Be Kidding Me!!

Well put, Sharky. You're certainly not the first to be worried about the loans, and you won't be the last.

Hopefully a good reserves report will be a step in the right direction, and strengthening the balance sheet will strengthen the SP. But history has show that the previous significant increases in reserves since 2005 have done very little to inflate the stock price. It's a shame, because the company might have to increase the share base to raise funds, at an unattractive share price, instead of being able to rely on the bankers.

But on a positive note, I'm sure that Gusella is well aware of this, and he has lots of time right now to start tackling the debt problem, rather than being forced up against a wall in a environment with absolutely no lending.

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