Connacher Oil and Gas

Just throwing this out there for some discussion. Currently trading at $1.20 with about 10400 bb/d of bitumen, conventional oil and NG. Gives a trading price of about $49000 per flowing barrel. This includes PDP Value and MRC. These 2 could argueably worth about 25 cents to the SP. So if we remove those 2 it would trade at about 95 cents a share or $39000 per flowing barrel. IF Algar comes on line and produces about 8000 bbl/d does everyone think the SP would rise by 8000 X 39,000 divided by 427 M shares or about 73 cents a share.

Open for discussion!!!