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Connacher Oil & Gas Ltd CLLZF

"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

Bullboard Posts
Comment by Jmarks7on May 13, 2004 1:16pm
398 Views
Post# 7481903

RE: Didn't the CEO of CLL

RE: Didn't the CEO of CLL CARMAHNAH Whoops it looks like Dick the CEO is going to do it again ! lol What a $#%# moron. As I've said before the only thing that will save this company now is for it to be bought out. And now the price looks attractive, but will the he sell. I doubt it as his ego seems too big in relation to the talent required to pull this one out of the dumps. High oil prices won't do it because it's now longer a matter of commodity sales, rather inept management. What is an investor to do ? Sell before CLL goes bankrupt or hold on and hope for a cat to change its strips. Coupled with the impending PP it makes this situation very ugly and complicated. Not to mention what the banker is going to say when they see what has happened to the valuation of CLL. Just look at the level of debt, assest's and value of the company, poor management. What would you do if you where the bank manager ?
Bullboard Posts