CLL oilsands play Message Board

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Gold/Mining/Energy : CLL oilsands play

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To: Dale Baker who wrote (518)	11/26/2012 11:43:07 AM
From: Sultan	Read Replies (1) of 549

Management changes at Connacher.. finance.yahoo.com I am beginning to question chances of their survival at this rate.. Selling the Refinery was a mistake IMHO but then they did not have much choice.. They did not get the kind of money it was originally estimated for their conventional properties and their interest rate payments are too high for the oil being produced.. Only chance of them making it is if Oil prices stay stable and they managed to increase the production which they are planning to with capital budget that was approved..

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