Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: kidl who wrote (20112)	4/3/2008 1:28:08 PM
From: RossA	Read Replies (2) of 25575

Connacher continues to deliver. Sure they've done things I've hated (like purchasing the refinery and Luke), but they have delivered largely as promised - and, by Ft. MacMoney standards, on budget. Plus their claim to having an excellent SAGD reservoir is now being proven. Great Divide looks to pass the 10,000b/d plan easily. I value 10,000 b/d of bitumen at $600mm. Then I add on the refinery ($150mm) and Luke ($120mm). That gets me to $870mm, far above their current market cap. Then there is the rest of their oil-sands holdings plus the deal with AOS. Am I missing anything? One caveat: some Connacher backers feel compelled to run down their oil-sands competitors. Can we stop this? This makes as much sense as insulting Marilyn Monroe out of loyalty to Sophia Loren (did I just date myself?).

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