Hi sharky

AGM? 3rd week of March I think.

It should not have much impact on CLL SP. The headlines will emphasise the YOY revenue growth with net income about $0.26 and hiding no growth in Q4. At AGM discussion will (should) rightfully focus on successful POD1 production.

Interesting comments by Saudi minister setting the oil floor price at $70. It is mostly related to skyrocketing cost of reserves replacement and collaps of US dollar. When I posted the current bitumen prices yesterday I found interesting numbers.

Year over Year Oil in $C/bbl is up $27. In the US$ is up $43.You can add the Euro$ efect. Despite the talk about increasing demand(research and pump sponsor by hedge funds) weak US$ is the main drive in the new commodity bubble including food.

About CLL? Despite recent upgrades the institutions did not put the money were their mouth is. Total luck of institutional interest make it relatively easy for day traders with 1 or 2 million shares to play the channel. This may last forever since CLL dumped the investment houses and issue the $600 M NOTES and establish $200 M credit line. Institusions have no incentives to promote or support the CLL.