Connacher Oil & Gas Ltd CLLZF

Access to capital...

[massivemeltdown]

The ability to access capital is a key measure of a businesses ability to survive.  Canadian lenders tend to be conservative in nature and as such have calculated the likelihood of default under certain stress tests.  I find this to be another life line...Buying time, whether with their money or the banks will allow them to execute their strategies.  Whether this yields value for shareholders will be dependent on the market.  Oil is showing good support at these levels and I suspect we will see another bump up in price and soon media will fuel the momentum in the commodity into the "summer driving" season.  As they say we should be "cooking with gas" if the POO (price of oil) starts to get out of the crapper.   glta...and do your own DD as I am just a fairweather friend hoping for a decent return before I dump my holdings.   Hopefully I can fill my bag before too long...