spiderman8's Profile
Favorite NHL Team: Calgary Flames
spiderman8's Posts
Share Buyback
Although they don't have the cash but think abiut this.....
400 M shares at lets say .75 each. equals 300M. 300M gets you design capacity of 20,000 bbl/d, plus other assets and debt.
If you spend that same $300M you can't build even a 10,000 bbl/d design capacity plant. So it is way cheaper to buy existing shares through a buyback, and of course the same holds for someone trying to buy it out.
Just my thoughts......
about 13 years
ago
Re: Connacher provides operational update
60 cents means it is headed to being taken over. Very cheaply. 13,000-14,000 is nowhere near design capacity. They spent $37000 per design barrel. They actually spent about $53,000 per flowing barrel. Not a good track record. This news release was very blase. Like the writer threw in the towel.
about 13 years
ago
spiderman8
City
Calgary
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President
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Date Joined
12/21/2007