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TSE:CLC

CONNACHER OIL AND GAS LIMITED (CLC.TO)

BUY
Gotten their production up and have had successful drilling. Just finished casing 19 wells they drilled this summer. Have 27 more wells to go. Very strong drilling activity. Meeting some technical overhead resistance, so caution.
WAIT
Involved in heavy oil in Saskatchewan and Alberta plus shallow gas in Saskatchewan. It’s questionable if they can add their volumes on.
DON'T BUY
Could potentially do $0.20 in cash flow this year.Trading at fair value for its potential.Concerned about the heavy oil side.The differential for heavy oil has narrowed during the summer.
TOP PICK
Exceptional management. Good plays in Saskatchewan. Have tripled their reserves since December.
Showing 226 to 229 of 229 entries