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 Oilisgoldon Nov 14, 2008 12:14pm

390 Views

Post# 15586589

RE: RE: Algar a waste of money & risky.

Facts are Facts.
Costs are higher in 2009 than in 2005 viability analysis.
Algar is too costly for returns.
Cheaper to buy Light Oil production then to build a SAGD.

So who is the Dimwit WELLSITTER?

That is why CLL is a loss for shareholders...how low can it go?
More stupid moves putting the company into financial constraints instead of profitability will drive the stock even further down.
Why gamble on Oil going up when the trend is down...buy existing supplies and take the risk out of business.
8-10000 BO/day light oil can generate more return than a SAGD now or even in the future.
Only difference is the cost...CHEAP to buy PRODUCTION with low oil prices.

CLL is a share that is going down further.

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