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Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.
Heres another question, Coalspur Mines (CPT), I already own some shares, but would like to buy in more. The mine hasnt begun production yet, and the share price has fluctuated from 1.59 to 2.01 in the last few months, currently at 1.81. Majority of my shares were purchased at 1.36, should I wait to see if it dips back down to buy in more, or just get some whenever I can?
CLL: Holy what an emotional morning lol Jumped up to 1.19, then tanks to 1.04 lol.
I did pick up a "few" more shares just to round my numbers off... the swing in price is not justified by the volume but thats just my opinion, seems a lot of people have taken the position of holding this stock... the run up to this point may have been a result of WFCI picking up shares to reach their 10% share stake.
Just hanging out waiting on news for CLL, should have picked up URRE at .80, had a good morning today +17%.
Don't know if anyone caught this but CLL is trying to have the road between the refinery and mall property closed in Great Falls, likely for the sake of expansion, and to this point has received support from the city...
i'm thinking about dumping CUU to buy CLL instead... I'd be taking a loss on CUU but do you guys think CLL has a better chance of going up? Or just hold onto CUU until the PFS release?
I can't speak about CUU, but CLL has just dropped about 15% in the last two days making it very attractive. There are two possible upsides to CLL
1) Quarterly earnings March 15th is expected to be positive
2) Company is well positioned to be taken over after cleaning out the majority of it's executive team. CLL is no longer pursuing a JV and speculation is they will be bought out at a minimum of 1.50 per share.
$RIMM Down 5.55% After Hours - Samsung not interested in them. LOL seems like everybody is playing hot potato or avoiding being seen with them.
If a hardware maker like Samsung doesn't want anything to do with the software side, the same probably goes for other players like HTC etc. Can't really think of anyone who would buy them now unless it's for their patents.
Guess some of my mutual funds will continue to suffer from this.
I got 10k of URRE on 29th for 0.75.. sold yesterday at 0.90... could have doubled my earning if I waited just one more day...
are u talking about uranium resources. ?
uranium companies have been doing well last few weeks, so i dont think its company specific?
I own both cameco and UUU which I picked up in december since I've been following those two for awhile. just sold UUU today, holding on to Cameco, but might consider selling tomorrow.
i'm thinking about dumping CUU to buy CLL instead... I'd be taking a loss on CUU but do you guys think CLL has a better chance of going up? Or just hold onto CUU until the PFS release?
I'm in your boat, my co-workers have been following CUU for a long time, they think they will sell out in the $2.50 range, which I think is way too optimistic
I got in just under $1, but I'mma hold it out till the BFS.
everyone and their kitchen sink is expecting a rich buyout. You think Teck will even bother? Look at Ivanhoe Mines. Rio Tinto will not be dragged into a fight for Ivanhoe to the point IVN has to drop their poison pill.
Teck has a lot of time and the longer they wait the greater a war chest they will have to deploy. I interviewed there recently, one thing came out during the session with one of the VPs - savvy.
everyone and their kitchen sink is expecting a rich buyout. You think Teck will even bother? Look at Ivanhoe Mines. Rio Tinto will not be dragged into a fight for Ivanhoe to the point IVN has to drop their poison pill.
Teck has a lot of time and the longer they wait the greater a war chest they will have to deploy. I interviewed there recently, one thing came out during the session with one of the VPs - savvy.
I totally agree with this. Everyone is expecting a buyout, good news good that. If it doesn't go up to par which in most cases it doesn't unless you have some good insider news, you can never be too sure. If the news keeps getting delayed the stock will only consolidate until the news pops and if it sucks you can guess where CUU SP is headed.
CALGARY, Jan. 20, 2012 /CNW/ - After the recently announced management changes, Connacher Oil and Gas Limited (TSX: CLL) wishes to update shareholders and other investors regarding its future plans. The company continues to experience strong financial results and expects to continue to do so assuming crude oil and bitumen prices, as well as favorable heavy oil differentials, continue at or near current levels. The company has sufficient liquidity to meet all of its current financial obligations, including the repayment of its convertible debentures in June, interest payments on its Senior Secured Notes in February and August and funding its announced 2012 capital program.
The company's Board of Directors has initiated a process to review Connacher's business plan and to identify, examine and consider all strategies available to the company, both near and long term, in order to prudently determine the optimal course of action for the company. Goldman Sachs has been engaged to assist the Board of Directors in connection with this strategic review. Connacher does not intend to make any further announcements regarding its review unless and until its Board of Directors has approved a particular course of action or otherwise deems disclosure of developments is appropriate.
In the meantime, the Company would like to reassure shareholders and other stakeholders that the company's day-to-day operations are stable with no compromise in operating activities, thanks to the many dedicated and qualified Officers and staff of the company.
Ms. Brenda Hughes was appointed Chief Financial Officer of the company in January 2012. Ms. Hughes is a Chartered Accountant with in excess of 15 years experience with a variety of Canadian crude oil and natural gas companies. Ms. Hughes joined the company in May 2010.
Mr. Merle Johnson is Vice President Engineering and has been with the company since June 2007. Mr. Johnson is a Professional Engineer with extensive oil sands and heavy oil experience and is currently responsible for all engineering disciplines in Canada, with a primary emphasis on the management and development of Connacher's oil sands properties at Great Divide.
Mr. Stephen Marston is Vice President Exploration, a position he has held since January 2006. Mr. Marston is a Professional Geophysicist with 25 years of industry experience with both major and independent oil companies. Mr. Marston is responsible for the company's overall exploration activity, acquisitions and divestitures and provides leadership in the implementation of the company's growth strategy.
Mr. Mike Dusterhoff is Senior Vice President Marketing and Downstream Development of Montana Refining Company, Inc., the company's wholly-owned subsidiary, ("Montana Refining"). Mr. Dusterhoff has over 40 years of experience in the oil and gas industry and has spent the last 25 years with Montana Refining in various positions, including transportation, logistics, supply, marketing and downstream development. Mr. Dusterhoff is currently responsible for the movement of diluent and dilbit in and out of Connacher's oil sands projects and all of the marketing for Montana Refining.
Mr. Dana Leach is the Vice President, Refining Operations of Montana Refining and has been with Montana Refining for 37 years in increasing positions of seniority. His first nine years at the Refinery were with Phillips Petroleum Company where he worked in multiple operating positions; his last 28 years have been in various management roles at Montana Refining including Operations Supervisor, Operations Manager and Refinery Manager. Mr. Leach is responsible for all the daily operations at the Refinery.
Mr. Hans Kramer is the company's Oil Sands Manager, a position he has held for more than five years. Mr. Kramer has been involved with the oil industry for 26 years, and his operating experience is extensive and expands to all facets of heavy oil extraction. Mr. Kramer is responsible for the company's day to day operations at the Pod One and Algar facilities at Great Divide.
As part of its review process, the Board of Directors will also be assessing its future executive and managerial requirements. During this interim period, Colin M. Evans and Kelly J. Ogle will continue as co-Managing Directors of the company.
Wonder how this will affect share value in the near term... consider it was Goldman Sachs who presented the initial buyout offer to Connacher.
My belief is that the current BOD is indeed interested in selling the company, and is taking the right steps to make sure they get top dollar.
...As "long" as it takes... for now lol.
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