In early January, Connacher had announced the departure of then-president and chief operating officer Peter Sametz, chief financial officer Richard Kines, and vice president of corporate development Grant Ukrainetz.
The move came after the company rejected an unsolicited buyout offer in December, despite support for the deal from major shareholders West Face Capital and Audley Capital Advisors.
Furthermore, there was concern its 2012 capital plan for its Great Divide oil sands operations was too high and aggressive, said Potter.
“I
