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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: $900 Million second lien/BJ

May 18, 2011 10:59AM

May 18, 2011 11:50AM
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May 18, 2011 12:09PM

May 18, 2011 12:50PM
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May 18, 2011 12:58PM
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May 18, 2011 04:19PM

BJ,

Thanks for the reply. Glad to see you avoiding unnecessary losses.

Going back to your question... the average Debt to Cash flow ratio for intermittent O&G producers in Canada is in range of 1 to 2. CLL debt/cash flow is 7.8 (for 2011) as per Scotia Capital. In 2012 is estimated that this ratio will drop to 5.


May 18, 2011 07:09PM

May 21, 2011 08:33AM
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May 24, 2011 07:28AM
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