Re: A MESSAGE TO CLL MANAGEMENT!!
in response to
by
posted on
Aug 12, 2010 09:16AM
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
Hi Brian
So you don't believe what they put in front about these power problems.Do you think this is just something they use for incompitance?From what we sometimes hear on international tv news it seems power plants have many problems in some area's of the US and probably Canada as well.Like you wrote today I never heard of a power loss for so many hours like you had yesterday.So are the power stations so problematic up there?In occurs also here but then we talk of periods at around a couple of minutes or even just a fraction of loss.Here in Europe they can switch easily to other networks.
From what they wrote this power outage was a reason for not reaching higher output.Question is is this acceptable or not ?At least IMO they must have mentioned this event before.In the two years of pod 1 running it's the first time they talk about this event.
So it's difficult to judge what's true and not and how these problems or circumstances which can occur influenced the output.Because of their loss in confidence due to the mismanipulation after the crisis probably everything they bring forward is misinterpreted fact or no fact.They really have a huge problem towards investors to be valuable spokesmen.Maybe a shift in CEO could bring some relief but on the other hand the decissions made in this company or not one person only decissions but a group of men.
If some people can attend the CC maybe they can ask the right questions surrounding the poor output.It's hard to believe that Algar can start up the way they plan to achieve.After 2 only around 7000 bpd is a poor result.The extra ESP pumps in fact didn't contribute much to the output.At start up we easily went over 6000 .
The most what I don't like is like you wrote the way he uses the money .Haven't I read they put expansion on a hold?That at least is one good thing .
Curious to see where we gonna start at the opening.
Futures again are in the red .So on top of our bad results we have the market too against us.
S&P | -10.40 / -0.96% | |
Level | 1,074.60 | |
Fair Value | 1,087.31 | |
Difference | -12.71 | |
Nasdaq | -22.75 / -1.24% | |
Level | 1,815.00 | |
Fair Value | 1,844.36 | |
Difference | -29.36 | |
Dow | -78.00 / -0.75% | |
Level | 10,259.00 |