Re: Missing support
in response to
by
posted on
Sep 13, 2013 04:44PM
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
Hey Terry
Well I don't really not what to think about a new financing.There were discussion surrounding that issue about the options and some think the bond holders wouldn't like it and another extra shares plan would be a disaster again for us.I hope they wait and see how far they can go in the ramping up scenario.For CLL external factors can shed a bright or dark light.The price of bitumen is one of it.If it improves in the near future which we could assume because of there seems to occur better economics all around the world that can bring their cash position in better shape.According to some posters on the other board if they can improve production towards 16.000 bpd that could improve their balance sheet and reduce the risk of the debt burden and maybe drfive away that financing issue as well.
Next Q's to come will be very crucial so let's hope for a good run till end this year.Shoul be a nice gift for your new Kawa racing bike isn't it Terry?