Yes interesting article in the Wall Street Journal, known to have a left wing bias and a pro Gore global warming stance.The article did have some good points, but as far as Connacher is concerned, it strengthened my opinion that Connacher is in a strong position and while upstarts may fail, they're up and running. Did you notice the cost of the land? He paid $20 an acre for land that now sells for $2-4 thousand,( assuming that this is the lease cost per acre) 90,000 acres at Great Divide,, you do the math.

Financing for future projects may become difficult for other players, CLL has $400 million cash and $200 secured line of credit. Enough by the way if added to future revenue to go all the way to POD 3 completion, assuming 350 million per pod. YES that financing deal everyone is biatching about looks pretty good as we slide into recession.

Yes some oil players are demanding a slowdown in development, yet it appears to be only fo the granting of new leases. CLL has all the cash and land they need.

Yes it takes a year now for POD approvals,,it took a year also to get POD 1 approval.. THIS of course works out great as it takes about a year to build a pod and get initial steam going. So 1 pod comes onlines as another gets approval.Don't worry too much about PODS not being approved. The Alberta election is over, and there's already talk about reviewing the royalties again as Alberta is being slammed by investment leaving the province. The government figured out they killed the golden goose and will be making the appropriate changes.

As far as global warming,,(YES as we in Toronto are digging out of the latest snow storm, the world is reporting record cold and snow in places it hasn't snowed for years) it's being proven for the farce that it is. It's being so discredited it's now called climate change. However the bogey man of Carbon Emissions are still being blamed. How something that is blamed for warming the planet can also cause record cold is beyond me. People are awakening to the fact that the real agenda is merely to implement a NEW TAX. essentially the left has found a way to tax the air we breath.

Also looks like the high usage of Natural gas may be solved as there's talk about building a nuclear power plant to provide energy for the oil sands.

LOOK Connacher has established itself already. In a worse case scenario they can only build POD1. They can pay back the $400 million( or use it to fund projects outside of Alberta) and only be $200 million in debt. They would then be a producer of 10k bbld and 3k conventional oil, plus all the Natural gas and Montana refinery.Plus all their holding of PDP.

NO MATTER which way you look at it..CLL is worth FAR MORE than it's current SP