Re: $900 Million second lien/BJ

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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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jurek

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Re: $900 Million second lien/BJ

in response to

Re: $900 Million second lien

B-Jay

posted on May 18, 2011 04:41PM

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.

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