Re: PDP emulates its older sister CLL and is destined to fail Dondon
in response to
by
posted on
Mar 26, 2010 02:35PM
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
Dondon
I am with you on this, cash flow will drastically improve with Algar on line. I don't pay attention to PDP anymore simply because I have it valued at $0. The cash flow from Algar will start to resurrect the ship. CLL management has made big mistakes but the big crash magnified it. Lots of companies didn't survive, CLL did. They had to dilute, they had to borrow, now they have a second chance to produce.
Sharky
SP increase IMHO, due to Algar being close to commissioning. Price will rise to $1.75. I have said that all along, although I have lowered my target from $2.00.
Spidey