Re: TAKEOVER
in response to
by
posted on
Dec 08, 2011 05:12PM
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
hi Dave
So far we are in speculation mode.I don't know how long this can hold but i think sp will be driven higher.There are so many opninions and calculation depending the angle you look at CLL.
CLL has besides the negative debt situation a lot of positive things for a company with big pockets.A lot of proven reserves,a refinery ,conventional oil area,and 2 pods running if implemented with the new tested technic much better production + expandable to 3 times production.Of course currenty market unrest specially in the eurozone is not that good but i would like to read some opnions here what they have in mind for a decent price management is wiolling to let it go.
if 2 could be a possibillity I would be very pleased.i don't sell right now.Massive volume today so most buyers are betting on a higher sp.
Here is another opinion ffrom someone
There is no way that an offer would be below $2 per share or about $1 billion for the whole shebang.
RJ have a $1.50 target and that takes into account only the current production metrics of the Great divide.
Eventual production will be above the 55,000 barrels per day level , compared with 15,000 bpd currently.
Bankrupt Opti with no downstream assets or conventional assets got $1.9 billion or just above $5 per 2P reserves.
Connacher is now negotiating from a position of strength and have a shareholders rights plan.
This ensures a value above $2 per share.