Connacher Oil and Gas

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If you set up a spreadsheet you will notice that a $10 price drop in oil, although not a great thing impacts cash flow from oil sands less then 1 cent per share. A 3000 bbl/d production increase impacts by about 1.5 cents. The increase in production expected by the turnaround will have a bigger positive impact then a $10 increase. People are reacting, as expected out of fear, in selling off shares. The drop from aug 29 Fridays close to Sept 5 close was fear. With DG's comments regarding the possible approval by beginning of Oct, the fear should subside somewhat with some of the risk being removed regarding the Algar unknown. I expect monday should bring a small increase in SP because of this.

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spiderman8
City
Calgary
Rank
President
Activity Points
2200
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Date Joined
12/21/2007
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Connacher Oil and Gas
Symbol
CLL
Exchange
TSX
Shares
403,000,000
Industry
Energy & Environment
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