Connacher Oil and Gas

Welcome to the Connacher Oil and Gas Hub on AGORACOM
in response to sharky's message

Sharky:

"But I still have some problems to accept that just the crisis was the fact that our shares are doubled now and we face such a high debt with lower output then we were previous."

The crisis is the reason we're in the mess right now. High oil prices last year would have eventually caused a recession, but that would have been offset by oil prices lowering in response. IT"S MY OPINION that dilution was a prerequisite for financing arrangements, and other companies such as OPTI are doing the same. CLL had to replace the $200 million line of credit it cancelled and dilution was a required part of getting it done.

Please login to post a reply
rebels1
City
Rank
Treasurer
Activity Points
2920
Rating
Your Rating
Date Joined
10/17/2007
Social Links
Private Message
Connacher Oil and Gas
Symbol
CLL
Exchange
TSX
Shares
403,000,000
Industry
Energy & Environment
Create a Post