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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 watch4iton Nov 05, 2007 8:36am
453 Views
Post# 13750739

RE: 6$ Target US as dollar falls..Q3 down

RE: 6$ Target US as dollar falls..Q3 down$6 Canadian was before Royalty increases and dilution of shares indicating cashflow problems. Winter is here and that can affect delivery of Diluent and hauling of bitumen as roads close, plant slows downs etc. Then daily production held back as a result. Small storage capabilities at POD1. Pipeline construction will be needed for steady supply. So share dilution of 100-150 million just to build the pipeline as outlined in previous NR.
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