Re: why invest in "CLL"
in response to
by
posted on
Oct 16, 2009 06:06PM
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
Sharky
DG was in the same boat as the rest of us,no one forsaw what happened to oil price ,at the time of hedges Oil looked and was according to ANALysts (MMS) bbl was headed for the teens.It wasn't that long ago that some ANALysts were again calling for $30-35 bbl,so should DG have hedged in the $50s? ,I am invested in a trust PMT that pays a dist near 20%,an Ng producer here in the Maritimes "CDH" has me up 36%,when the time comes these and a few others will finance my further investment in Connacher ,my CLL shares @.81 are giving me a20% return so far.I always have the end game in focus for CLL that's 50000/bbl,simplisticaly that should parlay into a$5.00 stock ,but thats a far cry from what I expect of Connacher,as for gold I remember when it was $16,the world is still intact,IMHO the world will accept $200/bbl,if anything that will be an incentive for alternate energy sources..