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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
Comment by kogon Dec 15, 2007 8:49pm
346 Views
Post# 14027323

RE: the will use 800mill LOAN to BUY CLL OUT!

RE: the will use 800mill LOAN to BUY CLL OUT! Finally you and I agree on something! I too think these are very dangerous times for a possible rediculously cheap buyout. A premium of 20% over current 3.70 share price equals is 4.44. If 2 years ago, when there was no Pod 1 plant and no EUB approval,you'd have suggested they could buy us out at that price you'd be considered a fool. The "poison pill", in my opinion, protects management. But didn't management reward themselves at the last AGM with a boatload of goodies? Your post: "They will buy CLL shares on their credit cards and buy us out. Once they buy us out, they then use the 800 mill in CLL BANK ACCOUNT to paying off the CLL shares they put on their credit card. The LOAN is the SIGNAL that CLL is going to be bought out!" "
Bullboard Posts