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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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Post by watch4iton Oct 31, 2007 3:53pm
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Post# 13727823

Oil up...over supply Bitumen down in price

Oil up...over supply Bitumen down in priceOver supply of Bitumen pushes price down. $40-45.00 per barrel and only affected downward with high oil prices. CLL has little or no Oil production revenue. No indreased profits for Q3 in record setting Q for high Oil prices. Q3 down in revenue/profits from Q2. Hurt bottom line and had to dilute shares to cover bills due to less profits. That is not a very good performance and will drive the share prices downward.
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