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Connacher Oil & Gas Ltd CLLZF

"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

Bullboard Posts
Post by syl3993on Mar 16, 2007 8:45pm
368 Views
Post# 12435117

Upcoming events...

Upcoming events... By this Monday we should have access to the short position on CLL. By this time next Friday we will have had a chance to go over the #'s for 06 and the drilling results for December 06 ( 6 holes I believe ). Soon after this we should get a news release on pod 2 application. In April we could see first steam injection. May 7th we will get the siesmic results. By June or July we will see the results of Connacher's 06-07 drilling season. etc,etc,etc...Why we are trading at $3.50 per share is beyond me. Obviously the market is not taking into account any future earnings potential. When CLL can show some #'s (EPS and lower P/E)and some oil production from pod 1, that is when we will begin to see some share apprecciation. One very important point not to forget with Connacher is that we have very experienced management that comes from Deer Creek. A company that did all of this before only now they are perfecting the concept. They brought Deer Creek to production of 10,000 bpd using SAGD technology followed by a buy out by Total energy. If you think for one second these guys don't know what they are doing, you would be very sadly mistaken. What management is doing at The Great Divide is nothing short of amazing. The market will reward CLL large once CLL shows the market the #'s. The market is shouting "SHOW ME THE MONEY" Like everyone else here I have felt the frustration but never once have I ever doubted that CLL will deliver on The Great Divide. Blue skies are on the horizon... Looking forward to Friday the 23rd...
Bullboard Posts