Re: Dick Gusella in today's Calgary Herald
in response to
by
posted on
Jan 19, 2011 10:29PM
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
Chris,
Glass of water? Why would I waist the glass for the water?
Anyway, 1 year target of $9 for GTE was not my target. Anything from low of $8.5 by RBC to high of $10 by UBS and 8 other analyst covering GTE increasing the GTE target price in Jan 2011.
The management will obviously have different ideas to make GTE shareholders happy.
As for buying the CLL... They would have to come up with $1.6 billion ($1.75 for CLL shareholders plus $800 million for debt holders)......IMO their focus is in other geographical jurisdiction and on the light oil were you can get better and faster returns on your CAPEX.
GLTY, Jurek.