Connacher Oil & Gas Ltd CLLZF

How much do you think Connacher will sell for?

[BargainHunter88]

Would share holders get anything at all?

[bullmarkets]

doubt it .. debtholders are going to take a haircut..   its burning cash daily. would you pay up for something that you will lose more money on everyday.

[birdie22]

It`s another STP, they couldn`t get enough to cover the 1st Lein so suspended operations and waiting it out for oil to recover. Oilsands way to expensive compared to US shale, and CLC was paying around $ 15.00 a barrel to Railroad it to market ( no pipeline) I think the oil will stay in the ground for a long time ( way more time than I have ). I believe last Q the spent from their (shareholders

[trader129]

I think CNRL bought STP in bankruptcy.. for 20 million . they had debt close to 300..

[G1945V]

Let's remember what Horsey7 said.

[birdie22]

It is only worth what the market will pay not what they want and who do they Sue a Company with no money, they are out the money, gambled and lost to continued oil supressed prices so maybe Sue the market . JMHO

[BargainHunter88]

Well, that sucks, there goes my lottery tickets.

[stockwrestler]

if it starts trading on a junior exchange shareholders will still have a stake... hopefully.

[birdie22]

It already does trade on the OTC but  IIROC has a cease trade order  no Canadaian brokers are allowed to trade the stock on the any exchange. Close Prices Last 3 Months Price/volumes not adjusted for restructures Date Ex Sym Open High Low Close Chg Vol #Tr Bid