GREY:CLLZF - Post by User
Post by
aboutoilon Jan 17, 2012 2:37pm
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Post# 19413369
Moody - CLL outlook negative/S&P No change
Moody - CLL outlook negative/S&P No change (Reuters) - Connacher Oil and Gas Ltd (CLL.TO): * Moody\'s changes connacher\'s outlook to negative;
(Reuters) S&PBulletin: Connacher Rtgs Unaffected By Management Changes:
...we maintain that the company has no flexibility in its financial risk profile to accommodate any incremental negative free cash flow generation in 2012.
If Connacher\'s near-term spending deviates from our expectations .... and its cash flow protection metrics and overall financial risk profile deteriorate from our forecasts for 2012, we would lower our ratings on the company.