Re: Some interesting read-positive things ahead
in response to
by
posted on
Apr 23, 2011 11:29AM
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 think this year will be different. Production has been steady but not great, I will take a steady ramp up. Oil is above $100 and maybe, just maybe with Enbridge increasing flow rates we may see a healthy cash flow increase. Their is an upgrader coming off line next month for maintenance which will lower dil-bit pricing again for about 6-8 weeks. When it comes back online we may also see horizon near start up. If Horizon comes back in June or July the dil-bit pricing could be very good. These are all items out of CLL control.
If these things actually pan out then a refinance in July could be a possibility. I know things have to line up, but if these things actually work out, $2.00 by August is not out of the question. Sharky's 75K purchase at $1.40 ish will get him $40-50 K profit so he can get a new BMW and......... driving lessons.