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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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Message: CLL in 2011

First I don't think they will exit at 16500 bbl/d, more like 14000. They need a decent spread on the light/heavy oil as well. Their netback will probably be a little better. All in all they don't do a very good job with production, their financing, or their hedging. They most likely will meet all pmts, but until they get to 16500 plus bbl/d, they will not be taken seriously enough to raise the SP.

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