Connacher Oil and Gas

Scott:

I'm not a takeover advocate, I prefer my cll on it's own.. That said I'd have to argue with you about it's viability as a target.Yes total debt,including future tax obligations and employee benefits total 1,101.135, 000. However with total assets valued at 1,723,370,000 it still has a shareholder equity value of 622,235, 000. In fact the share price is currently way undervalue at .89..If you take the shareholder equity and divide it by the total diluted shares of 439,890,00 you get $1.41 a share.According to my calculations our SP is 60% below true value.