Agoracom: Small Cap Investment - Connacher Oil and Gas

MarlboroDog

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rebels1

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Re: Goldman Assistance

in response to

http://www.capp.ca/getdoc.aspx?DocId=186015&DT=NTV

posted on Jan 26, 2012 11:17AM

Posted on SH

If correct bitumen was $76.57 in Dec at least for royalty purposes

With these high prices for the last 3 months, reserve results coming out soon and possible expansion approval plus all the cash required to pay 100 million debentures and interest costs in the bank ( as per update by whomever is in the drivers seat at CLL) no wonder Gusella wasn't in the mood to sell.. IMO he wanted to hold off on all JV/SAle proposals until all the information and numbers are available and then was pushed out by a group of institutions looking for a fast flip. At least CLL appears to be doing what DG planned and is laying low until everything is out front.

1 Recommendations

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