Connacher Oil and Gas (CLC-T) Stock Predictions - Stockchase
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Connacher Oil and Gas (CLC-T)

ON STOCKCHASE SINCE Jun 2003

Mainly heavy oil production.

Symbol change (May 2015)

oil/gas

Connacher Oil and Gas

CLC-T

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Connacher Oil and Gas (CLC-T) SAVE Dec, 31, 1969, 7:00 pm

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Connacher Oil and Gas(CLC-T) 

December 23, 2014

Has been down at the bottom for quite a while. If you want to throw some money at it, and risk losing it all, this would be a pretty good place to do it. This is very, very risky. He could just never stomach the debt load. Be wary, this could be a loser.

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Has been down at the bottom for quite a while. If you want to throw some money at it, and risk losing it all, this would be a pretty good place to do it. This is very, very risky. He could just never stomach the debt load. Be wary, this could be a loser.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.045
Owned Owned
No

SELL
Connacher Oil and Gas(CLC-T) 

November 25, 2014

The principal problem is the debt and they are poorly capitalized. Also, price of oil has come under considerable pressure. They are developing long-lived assets, which mean there is really not much probability of bringing forward their cash flows into the here and now.

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The principal problem is the debt and they are poorly capitalized. Also, price of oil has come under considerable pressure. They are developing long-lived assets, which mean there is really not much probability of bringing forward their cash flows into the here and now.

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John Stephenson

President , Stephenson & Company...

Price Price
$0.075
Owned Owned
Unknown

DON'T BUY

(Market Call Minute) Absolute disaster building oil sands facility with debt.

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(Market Call Minute) Absolute disaster building oil sands facility with debt.

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$0.305
Owned Owned
Unknown

COMMENT

A very, very complex situation which he tends to avoid. This is one that could skyrocket or could possibly go bankrupt at some point. When there is not enough clarity, he tends to stay away.

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A very, very complex situation which he tends to avoid. This is one that could skyrocket or could possibly go bankrupt at some point. When there is not enough clarity, he tends to stay away.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.245
Owned Owned
No

SELL

A tremendous amount of debt. Company has to tiptoe through some very difficult spots. Costs are very, very high in relation to others.

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A tremendous amount of debt. Company has to tiptoe through some very difficult spots. Costs are very, very high in relation to others.

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Martin Davies

Portfolio , Brickburn Asset Mana...

Price Price
$0.175
Owned Owned
Unknown

DON'T BUY

(Market Call Minute) Buy the bonds if you are going to play it.  If they skate through you will get a great lift.

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(Market Call Minute) Buy the bonds if you are going to play it.  If they skate through you will get a great lift.

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$0.250
Owned Owned
No

SELL

If you own, he would be tempted to liquidate your holdings at the earliest opportunity. Has no idea why the stock price has gone up. Believes they still have over $800 million in debt.

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If you own, he would be tempted to liquidate your holdings at the earliest opportunity. Has no idea why the stock price has gone up. Believes they still have over $800 million in debt.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.230
Owned Owned
No

SELL

(Market Call Minute) Highly speculative, up on more take-over rumors.

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(Market Call Minute) Highly speculative, up on more take-over rumors.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$0.280
Owned Owned
Unknown

SELL

(Market Call Minute.) There’s a very strong possibility this company hits the wall in 2014.

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(Market Call Minute.) There’s a very strong possibility this company hits the wall in 2014.

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$0.185
Owned Owned
No

DON'T BUY
Connacher Oil and Gas(CLC-T) 

February 27, 2013

Has been very negative on this name. Thematically they have incurred a ton of debt to develop oil sands and when you are the marginal cost barrel in the oil sands and financing it with debt, it is a risky business and it didn’t work out for them. Have gone through a process of management change, selling assets, etc. Still have a lot of challenges ahead.

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Has been very negative on this name. Thematically they have incurred a ton of debt to develop oil sands and when you are the marginal cost barrel in the oil sands and financing it with debt, it is a risky business and it didn’t work out for them. Have gone through a process of management change, selling assets, etc. Still have a lot of challenges ahead.

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$0.147
Owned Owned
No

DON'T BUY
Connacher Oil and Gas(CLC-T) 

February 11, 2013

Yesterday’s story. Victim of very poor operations and a turnover of their CEO twice over and the victim of extraordinarily high debt (debt to cash flow of 9 to 10 times). Probably zero value in the equity. Scale of operations is so small it is likely not a strategic buy for any company.

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Yesterday’s story. Victim of very poor operations and a turnover of their CEO twice over and the victim of extraordinarily high debt (debt to cash flow of 9 to 10 times). Probably zero value in the equity. Scale of operations is so small it is likely not a strategic buy for any company.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.160
Owned Owned
No

DON'T BUY

(Market Call Minute.) Absolutely stay away from this. Essentially bankrupt.

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(Market Call Minute.) Absolutely stay away from this. Essentially bankrupt.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.190
Owned Owned
Unknown

DON'T BUY
Connacher Oil and Gas(CLC-T) 

December 27, 2012

Has been a bit of a disaster over the last couple of years. A lot of debt on the balance sheet. About a year ago management had alluded that they may be acquired but that didn’t happen. At this point in time, he wouldn’t be averaging down. With the amount of debt, there is a possibility the company may have to file for bankruptcy over the next year or so.

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Has been a bit of a disaster over the last couple of years. A lot of debt on the balance sheet. About a year ago management had alluded that they may be acquired but that didn’t happen. At this point in time, he wouldn’t be averaging down. With the amount of debt, there is a possibility the company may have to file for bankruptcy over the next year or so.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$0.180
Owned Owned
Unknown

SELL
Connacher Oil and Gas(CLC-T) 

December 4, 2012

Looks a little miserable. One of the tiny oil sands companies and is suffering on the pressures on the oil sands. Doesn’t have the strength, size and vitality. Had heard they have been selling their oil at $38, an extraordinarily low price. There was a change in top management. If you own, consider selling.

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Looks a little miserable. One of the tiny oil sands companies and is suffering on the pressures on the oil sands. Doesn’t have the strength, size and vitality. Had heard they have been selling their oil at $38, an extraordinarily low price. There was a change in top management. If you own, consider selling.

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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$0.290
Owned Owned
Unknown

DON'T BUY

There is nothing optimistic to look forward to on this. There has been talk about them being a takeover but he just doesn’t see their oil sands or conventional assets as being that attractive.

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There is nothing optimistic to look forward to on this. There has been talk about them being a takeover but he just doesn’t see their oil sands or conventional assets as being that attractive.

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John Stephenson

President , Stephenson & Company...

Price Price
$0.530
Owned Owned
Unknown

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