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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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Read it again ..the diluted nav per share of $5.78 includes the debt...So the argument to be made really is that considering oil has stayed above $70 for some time now and production is about what it was 3.5 yrs ago, why hasn't SP recovered to the pre crash $4- $5 range.

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