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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 rehsifylfon Sep 03, 2014 11:53am
273 Views
Post# 22901340

RE:RE:Debt Consolidation ...... please no.

RE:RE:Debt Consolidation ...... please no.I raised this awhile ago.  Most on this board have their heads in the sand on this.  If there are many other possibilities and combinations, I'd like to know what they are.

They must get cash flow positive very soon - before they run out of cash.  That means cash flow positive including growth capital.  A company that produces 14K bbls per day of bitumen is not worth $1B - sorry - and they have $1B+ in debt now.  Especially when they have no way to increase production significantly without spending a few hundred million more.

Debt for equity is the only real option here.  Question remains how much of the company current shreholders get to keep.  It wont be much but 15% of a floating boat is better than 100% of a sinking one.  JMO



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