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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Message: Re: Annual Meeting wish I could go
1
Jun 01, 2012 01:30AM

Hey I realise that the markets and the price of oil is on a downward trend but CLL has dropped 44% in the last month compared to the 11% the tsx weighted oil and gas composite has declined.

The company is structured with a temporary management tasked with only one option... sell and when that avenue is not going anywhere the investors head for the door.

The board should know by now if a sale at a fair price is attainable and if not lets move forward with structuring this company into a company moving forward to profitablity or maybe the board doesn't believe that is possible.

Hey I have an option for the board, hire a CEO, reduce costs, quit wasting money, find efficiencies and get production up to design... when times get tough I guess it's much easier to sell.

There must be a CEO out there that can fix this company without expansion and adding more debt, when I can't pay my bills I reduce my costs and invest my income wisely and every penny counts or as with CLL every $1000 counts

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