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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: How Free An Agent Is Management Currently?Brian
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Feb 22, 2008 08:24AM

Brian,

CLL debenture nominal rate is 4.75%. Not a 4.5%. Effective annual rate if you buy them at $92 is 5.16% . Rate to Maturity(June 2012 ) at this price in is 3.54%.

Could you please explain how someone can make good profit by buying the CLL debenture and selling the CLL share short as per your suggestion. Give us some example so we can see how this could work in real numbers. 12%+ yield as in your posted looks very attractive.


Feb 23, 2008 10:32PM
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