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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
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Comment by CravenMooreheadon Apr 08, 2014 11:47am
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Post# 22425040

RE:Golden shower was looking for some analyst research....

RE:Golden shower was looking for some analyst research....Connacher Bonds Rally Amid Plans to Wring More Oil From Alberta Analyst Spencer Cutter Apr 3, 2014 Connacher Oil & Gas was the top 1Q performer in the Bloomberg High Yield Energy Index even after cash on hand fell to C$55.6 million as of the quarter ended Dec. 31 from C$127 million a year earlier. The company utilized C$38 million of a credit facility expiring in May and plans to spend C$78 million this year to wring more oil from its Alberta acreage. Any less liquidity may prompt it to issue additional secured debt Connacher’s second-lien bonds yield about 14%.
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