Welcome to the Connacher Oil and Gas Hub on AGORACOM

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: Refinancing

Nothing wrong with going long, but it is very easy to preach patience when short term goals are not being met. Short term production is well under capacity which means they spent more per flowing barrel then advertised. Also means they still are not taking advantage of recent,decent dil-bit pricing

Yes but though I'm not pleased myself a little understanding of that issue is maybe on it'place.If I see how things have develloped in the company I'm working and see how we ramped up production trough the years I understand some of the situation.A company starts with a certain planning and equipment but trough the time betterr handling can be achieved by better operating scales ,new equipment ,better operational skills etc..I think SAGD is not a simple production and lots of difficulties need to be overcome.Maybe we tend to stick with figure of the design and therefor we accept to quick that figure can be reached as soon as operations starts.I was myself during my working time able to deal with 2 start ups of new plants and none of them went right at first time operation.It took time and sometimes new design or adaptations to achieve the goals.

But IMO sp reaction on this stock is overdone.We have 2 pods running,higher oil price ,they fixed to electrical shut downs ,production is more then past yearetc..In this stock you can't find any decent value for today's achievement.It's swings up and down sometimes with no reason.

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