Re: Bad start

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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BKM8572

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Re: Bad start

in response to

Bad start

sharky

posted on Aug 11, 2010 11:08AM

Sharky:

Now is when the hedge becomes critical so as to sustain cash flow in event of a serious decline in oil pricing below $60.00. No room for a mess up on Algar execution on bringing it into production. Gusella with his mess ups on Pod 1 and subsequent 2x dilution has put the Company and its investors in a precarious position!

Brian

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