GREY:CLLZF - Post by User
Post by
Rebels65on Oct 07, 2014 6:46pm
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Post# 23007914
Thank You Putin
Thank You Putin
Good news
https://www.cbc.ca/news/business/european-union-drops-plan-to-label-oilsands-crude-dirty-1.2789868
Bad new
https://www.torontosun.com/2014/10/07/major-train-derailment-in-saskatchewan
Put together it means this. Europe wants to buy more of our oil but rail transport is sketchy. Best csae scenario with increased sales to China and now Europe. THE GATEWAy
pipeline will be built and the gap between WTI and bitumen should narrow.. What this means for Connacher is limited unless they can find a way to finance or get a partner to increase production. THAT SAID, and I'm in the way suggesting it, This does increase the possibility that a larger company may want to purchase Connacher as a means of getting into or expanding an oil sands play. If you look at it Shareholder equity is around .36 cents. At current SP the company can be bought at book value and stil provide a 3.5 banger to current share holders.