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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: Outlook not so good

Jul 01, 2010 01:09PM

Jul 01, 2010 03:02PM

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Jul 02, 2010 07:29PM

Jul 02, 2010 10:36PM

Jul 03, 2010 08:08AM

Syl:

When the crisis hit in 2006/2007, Gusella obviously panicked out of likely a sense of fear driven by under capitalization. The response was the suspension of production at Pod 1 post haste. It is my belief that the result or this decision was damage to the system and plant. In my opinion this decision was driven by risky under capitalization. A behavioral pattern occuring during Gusellasa's earlier career.

The result was a cratering of Connacher SP. With Algar this time around, I am encouraged by the fact that Gusella has built in a contingency. (Though they do not call it that. ) I wish it was even larger.

Do not get me wrong. In my decision, Gusella with me gets a second chance but, he is on a very, very short leash!

Brian


Jul 05, 2010 01:30PM

Jul 05, 2010 02:12PM

Jul 05, 2010 03:57PM
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