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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 > Balance Sheet as of Sept 2015
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Comment by G1945Von Dec 24, 2015 9:03am
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Post# 24411036

RE:RE:RE:RE:RE:Balance Sheet as of Sept 2015

RE:RE:RE:RE:RE:Balance Sheet as of Sept 2015Yes, that is right. 

With respect to the New Convertible Notes,  I suspect that they will ride this out for some time accruing interest payments until the oil gets back to $50. 
 
Pundits on BNN are saying that we will see $50 oil in 2016. ???

And with 93M shares outstanding ( post-New Convertible Notes conversion) CLC's book values will sit at approx $6.20 per share, based on its valued assets. Do you agree? :)

G1945V

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