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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: Re: GRAN TIERRA ENERGY ENTERS INTO AGREEMENT TO ACQUIRE PETROLIFERA PETROLEUM LIMITE

I find this interesting. I've been buying and selling Gran Tierra (GTE) for the past 5 years and recently bought the stock again. They have been very sucessful in the Putomayo Basin in Columbia.

The execs all have extensive oil backgrounds. Off the top of my head I know the CEO, Dana Coffield, came from Encana.

I think the deal will create value for CLL. GTE has $150mil in cash and will probably continue their aggressive drilling program.

Just my .02

Chris


Jan 18, 2011 01:40AM

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