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Last C$0.03 CAD
Change Today +0.005 / 25.00%
Volume 9.2M
As of 3:59 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

connacher oil & gas ltd (CLL) Snapshot

Open
C$0.03
Previous Close
C$0.02
Day High
C$0.03
Day Low
C$0.02
52 Week High
04/30/14 - C$0.33
52 Week Low
04/16/15 - C$0.0050
Market Cap
11.3M
Average Volume 10 Days
9.2M
EPS TTM
C$-0.40
Shares Outstanding
453.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CONNACHER OIL & GAS LTD (CLL)

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connacher oil & gas ltd (CLL) Details

Connacher Oil and Gas Limited, an oil company, engages in the exploration for, and the development, production, and marketing of bitumen in Canada. The company primarily owns 100% working interest in approximately 87,000 net acres of oil sands leases located in the Great Divide, as well as Thornbury and Quigley lands, which are situated southwest of Fort McMurray, Alberta. As of March 20, 2015, it had approximately 440 million barrels of proved and probable bitumen reserves. Connacher Oil and Gas Limited is headquartered in Calgary, Canada.

168 Employees
Last Reported Date: 03/24/15

connacher oil & gas ltd (CLL) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$500.0K
Chief Financial Officer
Total Annual Compensation: C$400.0K
Chief Operating Officer
Total Annual Compensation: C$400.0K
Vice President of Marketing and Transportatio...
Total Annual Compensation: C$300.0K
Compensation as of Fiscal Year 2014.

connacher oil & gas ltd (CLL) Key Developments

Connacher Oil and Gas Ltd. Announces Financial and Operating Results for the Fourth Quarter and the Year Ended December 31, 2014

Connacher Oil and Gas Limited announced financial and operating results for the fourth quarter and the year ended December 31, 2014. For the quarter, the company reported adjusted EBITDA decreased 54% to CAD 6.7 million compared to CAD 14.6 million a year ago, primarily due to lower bitumen netbacks· Net loss increased to CAD 99.4 million compared to CAD 41.4 million a year ago, primarily due to lower bitumen netbacks; higher foreign exchange losses, primarily on the translation of long-term US dollar-denominated debt; and recognition of an impairment on exploration and evaluation assets. Capital expenditures totaled CAD 10.9 million compared to CAD 9.7 million a year ago. Revenue, net of royalties was CAD 96,647,000 compared to CAD 93,209,000 a year ago. Basic and diluted loss per share was CAD 0.22 compared to CAD 0.09 a year ago. Funds flow used was CAD 16,809,000 compared to CAD 5,685,000 a year ago. For the year, the company reported adjusted EBITDA decreased 19% to CAD 69.7 million compared to CAD 86.5 million a year ago, primarily due to higher operating costs and higher realized risk management contract losses, offset by higher production· In 2014, net loss increased to CAD 211.8 million compared to CAD 122.4 million a year ago, primarily due to lower bitumen netbacks; higher foreign exchange losses, primarily on the translation of long-term US dollar-denominated debt; higher finance charges; and recognition of an E&E impairment. In 2014, capital expenditures totaled CAD 80.2 million compared to CAD 93.7 million a year ago. Revenue, net of royalties was CAD 437,477,000 compared to CAD 427,861,000 a year ago. Basic and diluted loss per share was CAD 0.47 compared to CAD 0.27 a year ago. Funds flow used was CAD 20,489,000 compared to fund flow of CAD 6,892,000 a year ago. For the quarter, the company daily bitumen production was 15,249 bbl/d compared to 11,375 bbl/d a year ago. For the year, the company daily bitumen production was 14,139 bbl/d compared to 11,783 bbl/d a year ago. Production increases are attributable to the Company's five infill wells at Pod One that were brought on production in third quarter of 2014; four well pairs at Pad 104 which came online in first quarter of 2014; and from the four infill wells drilled at Pod One in third quarter of 2013.

Connacher Oil and Gas Ltd. Auditor Raises 'Going Concern' Doubt

Connacher Oil and Gas Ltd. filed its Annual on Mar 24, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Connacher Oil and Gas Ltd. Revises Forecast for the Year 2015

Connacher Oil and Gas Ltd. revised forecast for the year 2015. Production and operating expenses are currently forecasted to average $18.58 per bbl for 2015. These expenses are based upon actual historical operating costs and anticipated 2015 production rates. The company capital spending is estimated at approximately $30 million for 2015, including $15 million for growth capital projects and $15 million for maintenance capital.

 

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Industry Analysis

CLL

Industry Average

Valuation CLL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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