What has hurt Connacher the most is the bitumen differentials.  Over the past couple years there has been a wide spread between price of bitumen to WTI.  This has hurt all the oil sand companies.  Connacher has been hurt the most because of its high dept.  They are very highly leveraged to the price of bitumen.   The gap has to narrow and fast for this stock to be attractive again.  If not, this company is doomed.