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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: A Question for CULL Investors!

Sep 11, 2009 11:28AM
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Sep 11, 2009 04:32PM
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Sep 13, 2009 05:35PM
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Sep 14, 2009 03:03PM
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Sep 14, 2009 04:05PM
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Sep 14, 2009 06:44PM
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Sep 15, 2009 03:19PM

I go along with Brian.

It's probably not easy to accept that the decissions taken by management or not the best .The SP speaks for itself.

If you consider

  • to curtail production of a proces that is very sensible for changes (and they told too they were the first to do so).I don't think others will do the same.
  • Taking a huge debt on the shoulders in extremely bad conditions instead of waiting which results after all in a double shares amount .

Not the smartest idea's after all.

If they didn't curtail production (even they lost a few weeks on sales) and started to look for a financing for Algar a few months later when the banking sector was in calmer water I wonder what the sp would be right now?Not around 1 $ I think and also no double amount of shares.

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