GREY:CLLZF - Post by User
Post by
planet51aon Feb 25, 2011 8:46am
882 Views
Post# 18192715
Maybe just the basics
Maybe just the basicsWith all that is going on in the world maybe, and its just a maybe in my opinion, things maybe driven by the basics for which Connacher to succeed, which are:
1. Over 90.00 oil
2. A better way to get the Dilbit to market to avoid differentials
3. Steady progress on production
4. Better than expected Drilling progress on the cardium play
5 .Sale of the northern gas assets
6. Enhanced Bitumen recovery projects Methane and solvent to reduce SOR's
7. Closing of the GTE/PDP deal
8. Recent interest by Sprott
9. Higher than expected profit from refinery
10.Renegotiation of outstanding debt to more favourable terms
All of the above could be part of the interest which may or may not be driving the price and volume, it will be interesting to see which of these points may be the driver to increase shareholder value which at this point is the only thing that matters. Bottom line is, proof of the business plan is still the key and execution of the plan and reduction of debt will be the only way they will be able to grow the business further.
Just my opinion
Planet