Connacher Oil and Gas

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in response to old dog's message

Not much action these days.This could take a while until we get some news .If CLL will be sold I hope they choose a good timing.Seems situation around Iran get a little harder now that sanction come into play .

I had some feeling if CLL will be sold they will sell MRC first.Or could it be that new management will choose for another approach instead of DG's view .If they sell MRC and start to focus only on SAGD production or the conventional part should that not be better,?

Probably without the refinary CLL is more attractive and the debt could be lowered if they use the money from the sale.Potentional buyers are probably not interested in MRC but only in the SAZGD or that conventional part also if it looks attractive and test results are very well.

What are the opninions as a possible timeframe about the decessions of Goldman S .Are we talking about weeks or months ?

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sharky
City
Gent (Belgium)
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10/12/2007
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Connacher Oil and Gas
Symbol
CLL
Exchange
TSX
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Industry
Energy & Environment
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