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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
Bullboard Posts
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(2)
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Comment by PUNJABIon May 15, 2012 9:13pm
267 Views
Post# 19913388

RE: Results are out! -excellent !!!!

RE: Results are out! -excellent !!!!

The company is in big trouble. If it was not take out premium the stock would be under $.50

They have 49 m in cash. And 100 more line of credit.  They will pay $100 more debt. That wii leave them with no cash and $51 m in line of credit.  They are not making money oil prices are dropping they are going to run out of cash soon. They have limited time to sell the company.  They have sold quite. A few assets what will sell now

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