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

Free
Message: Annual Meeting wish I could go

Stock price plummeting, no communication from whoever the hell is in charge, this certainly seems like one FU'd up company.

The question is can they put lipstick on this pig and sell anywhere close to asset value.

CLL is not the only stocks which is tanking. The oil price is also going south as well

The European crisis is probably one of the main reasons markets are nervious.So I don"t see why CLL could go up .What can they do ?Founding a buyer in bad circumtances is not that attractive.Since the downhill started some years ago when we were near 5 they have never been able to turn it.That's what you get with a gambler like DG at the helm .Still remember their target charts they put on their website.Now we have another management but what can they do if you run out of money to invest in expansion ,market situation is, very bad,oil price coming down etc..Like you said just hoping they found a buyer which will pay asset value.But how much is that ?

Some months ago everyone was convinced CLL would be sold very quick but that seems not be the case.

Share
New Message
Please login to post a reply