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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Comment by strzelinon May 15, 2012 11:04am
226 Views
Post# 19910141

RE: Results will show improvements/not really

RE: Results will show improvements/not really

As stated in the news, Q1/2012 may show some improvements over Q1/2011 which had one of the worst  CLL's EBITDA quarters in last 2 years. Do not expect too much to cheer about.

Q1/2012 numbers will show declining production and bitumen sells below their Total Cost. The trend  continue in Q2/2012. First 45 days of Q2/2012 is showing Dit-Bit prices 15% below CLL's Total Cost.

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