Re: Goldman Assistance
in response to
by
posted on
Jan 26, 2012 11:17AM
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
OD
Posted on SH
If correct bitumen was $76.57 in Dec at least for royalty purposes
http://www.capp.ca/getdoc.aspx?DocId=186015&DT=NTV
With these high prices for the last 3 months, reserve results coming out soon and possible expansion approval plus all the cash required to pay 100 million debentures and interest costs in the bank ( as per update by whomever is in the drivers seat at CLL) no wonder Gusella wasn't in the mood to sell.. IMO he wanted to hold off on all JV/SAle proposals until all the information and numbers are available and then was pushed out by a group of institutions looking for a fast flip. At least CLL appears to be doing what DG planned and is laying low until everything is out front.