Connacher Oil & Gas Ltd CLLZF

RE: RE: RE: Stock Bashing

[gasone]

What a bunch of cry babies. What a bunch of half truth tellers...
Facts, pod1 was producing about 9,000 b/d
Fact price of oil drop to 40.00 a barrel last year which puts every SAGD and eor operation into negative cashflow and actually costs money to produce oil.
Doesn't matter whether it's the massive 250,000 b/d Area LLC in Bakersfield CA. Or the CVX 100,000 barrel Kern River field in Bakersfield CA.
Doesn't matter whether it was in the permian  basin  in New mexico and Texas whether a carbon flood ran by OXY or some other company.
CLL cutting production was the smart move.
The complaint about production at pod one being "only" 6,000 b/d day now is like complaining the sun doesn't shine as long in the winter as it does in the summer.Any idiot know it takes time to re soak the oil sand with steam.
fact the company is about to exit the year with Pod 1 and Pod 2 within a few months of full production which, imo, will be around 16,000 to 18,000 b/d combined.
16k to 18k will easily cover the debt of 1 billion and produce a profit...