Hi Bobert
I think CLL is now far more a trading stock then it was before.They still face the danger of a very slow rising bitumen price .The longer it takes the more the can become in troubles because they have large debt.If that's the case they will need more cash or probably raise more shares which can effect sp because of dillution.
DG has said bringing out more shares was not an option anymore but that was before the oil crash.I'm not sure he's thinking the same way now.
Therefore I'm very prudent and I sell on every uptick and picking up again.I used to do it in the years before .I was always trading on shares and no long time holder .On CLL I was sitting long because the access on TSX was very poor, but now with current situation changed behavior .Now I'm trading again despite it's in fact to late .Should have sold much earlier.Still did some good trades now.
Like the "oilbent guy" was posting in fact was not such a bad idea.If we all had sold in the 5 $ range we could now bought the same amount we had for 1/5 of the price and holding the rest as cash.