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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: Eric Nuttall from Sprott Asset Management on Connacher Oil & Gas
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Sprott has a decent track record so if they are buying I will say that is a good thing, long term. My take is that good things have been done at the mgmt level to move this company positively forward. Again things not in there control are dragging their cash flow down. Enbridge will be flowing again in a couple of days, which will help and next month should see husky fixed. I think horizon will be down for awhile. MRC should/will benefit.

Big question is will they be able to buy down debt with that $50M?

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