Connacher Oil & Gas Ltd CLLZF

Bitumen prices and CLL SP

[strzelin]

Last seconds BMO buying saved CLL share from closing at $1.03  today.  CLL share price is dropping down recently in line with the plummeting Bitumen prices related to the pipeline problem.

CLL bitumen prices dropped to $48/bbl which is about $4 below their TOTAL cost including Interest, G&A and sustainability Capex set for 2012. Luck of interest in CLL assets for sale is not helping either.

PS: Sorry to see my friend rebel is not doing so well. For some reason he is out of his mine. The suggestion that CLL convertible debenture are effecting  CLL SP calls for the doctor appointment ASAP.

Convertibles will be bought at par ($100)  for cash providing that CLL will not be purchase above $5 per share which has zero probability as per recent CLL.DB.A price.

https://ca.reuters.com/article/businessNews/idCATRE8241F520120305