Re: Renegotiate debt interest rate?
in response to
by
posted on
Nov 01, 2010 02:28PM
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
I suspect that this is a high priority for management, but they are being held back by the cash flow and quality of assets pledged.
Although as you say it could happen any time, I would bet on 6 - 12 months from now.
This would allow the possibility of a few positive developments:
More solid production numbers.
Positive winter drilling results.
Approvals for further development of the resource.
Of course, it is possible that not all of these favourable developments will happen, it is in fact possible - some on the board might say probable! - that none cone to pass.