Connacher OIL & GAS Ltd. (NASDAQOTH:CLLZF.PK)
An integrated crude oil and natural gas company with a focus on producing bitumen and expanding its in-situ oil sands projects.
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The canadian oil sands will be a huge factor when the price of oil gets back up to a hundred dollars a barrel, which I think we'll see this year. Having a small refinery just across the border that has been expanding to refine more oil is a plus for the company. Cll also puchased a natural gas company so they were getting ahead of the game. I think these guys are serious and I think there company will grow slow and steady.
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With increasing revenues from continued oil sands production from pod 1 and with the up and comeing pod 2 entering constrution the 18 month out looks like like a double in revenues
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Count me in.
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long term play on oil.
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CLL is great. They reuse the water used for steam extraction. The water they use wasn't potable to start with. They drill for their own natural gas to make the steam. As much as possible they are a 'green' oil company. Their refinery in Montana can refine 'sour' oil, and is sure to be a huge money maker as the Bakken pans out.
Check out their annual report here:
http://tsx.ar.wilink.com/getpdf.asp?session_ID=396560A900D04016&virtual=V0000093938
This report made me decide to finish filling out my position in CLLZF before I gather some junior gold miners, I think Connacher is here for the long run with sustainable, profitable activity. Green thumb way up.
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Oil and Gas says it all.
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Oil and natural gas.
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starting to produce, reportedly
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Just now starting to fulfill its goals with cleaner steam assited Pods. Production will be around 7000boe/d for the quarter reporting in May. Is currently at 10,600 boe/d and will be at 13,600 boe/d.
Last years ave production was 2500boe/d. Last year they made $.21. More 10,000 pods on line. They own 26% of PDP/tsx and a refinery in Montana they plan to enlarge. This is a ground floor opportunity. Higher production and higher oil prices mean more profit.
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Oil makes money.
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Real Portfolio Canidate
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I'm Interested
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With alternative energy sources years away and militant dictatorships cropping up in unfriendly countries overseas, how about picking up some shares of a nice friendly Candadian stock with thousands of acres in the Alberta oil sands. Turn on the pipeline boys and lets start flowing crude down south.
2008 is going to be a good year with Pod One coming online producing the good stuff and financing in place for Pod Two. Great management team that knows how to UPOD. I am a small investor but have 6 figures riding on this one long term.
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I think this is a lead pipe cinch
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Buy before it gets sold! Great management
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I have followed this stock for years. Management is the best out there. There oil sands project will produce 10k bbl a day in Q1 2008. They brought this project in years ahead of other oil sands producers. They have already filed to begin the next 10K bbl a day location. They can do this for years. They have the natural gas to feed the oil sands production and a refinery with 10k bbl day capacity. They are doing everything right.
ONE problem. The tax hungry Canadian Gvt is the only thing that can destroy what should be a hold forever stock. If the gvt leaves the oil sands alone buy and hold this stock forever.
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Good, if short industry, oil related
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Diversified in raffinery and iol sands. Huge growth potential.
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Oil and increasing production and increasing price equals rising share price.
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I'm taking a completely un-Ben Graham un-Tom Gardiner unadulterated punt at this one, justified as follows: 100 cost me $350 but if it takes off, it'll be a multibagger giving me a nice sized stake in what will then be a medium sized oilco with stable revenues at the very doorstep of oilco heaven (the US) etc etc. If it doesn’t......oh I don't know; too many crazies out there working against that.
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