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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

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Message: Re: Quick note
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Jun 13, 2008 12:59PM

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Jun 14, 2008 10:15AM

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.




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