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posted on
Jan 23, 2012 05:10PM
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
Not much action these days.This could take a while until we get some news .If CLL will be sold I hope they choose a good timing.Seems situation around Iran get a little harder now that sanction come into play .
I had some feeling if CLL will be sold they will sell MRC first.Or could it be that new management will choose for another approach instead of DG's view .If they sell MRC and start to focus only on SAGD production or the conventional part should that not be better,?
Probably without the refinary CLL is more attractive and the debt could be lowered if they use the money from the sale.Potentional buyers are probably not interested in MRC but only in the SAZGD or that conventional part also if it looks attractive and test results are very well.
What are the opninions as a possible timeframe about the decessions of Goldman S .Are we talking about weeks or months ?