Either way shareholders are screwed

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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believe in CLL

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Either way shareholders are screwed

posted on Dec 08, 2011 12:49PM

Ok, let say it is good news. some one wants to buy CLL with 1B debtm, enterprise value at today's sp is about 1.3B. That means 450m for shareholders.

DIck missed his goldern opportunity to sell PDP when cll share were about 250 million and diversify on sweet oil with that many, instead he sold pdp at .80cens instead of 25 and aggressively focused on oilsands , expensive and diluted value and at the same time burdened share holders with debt.