Re: Quick note
in response to
by
posted on
Jun 14, 2008 10:40AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
And don't take me wrong.
I agree with your position on CLL and it is my largest holding. I am not suer we will ever see the multiples you are expecting however.
I am concerned that a buyout could occur at a level that would prevent the current shareholders from realizing a fair return for the assets underlying Great Divide.
This is my quarrel with the valuation model that seems to be uniquely applied to CLL.
I think we are being skewed to the downside for the reasons I have offered.
I don't begrudge the other players their values either.
Just would like to see a level playing field and I am convinced CLL is not on one.