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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 aboutoilon Mar 16, 2012 12:06pm
641 Views
Post# 19681072

RE: Y/E results/No offer

RE: Y/E results/No offer

Dotting a  reasonable offer..????  What are you talking about?

Coonacher doesn't have any offer on the table. Last year, when CLL was trading at 40 cent per share Gussela received no binding proposal from the investment banker. As he described it was an attempt to take over the corporation at the market bottom.  The circumstances had changed. Can you seriously imagine anyone risking now $2 billion in this money loosing operation?

 

Bullboard Posts