I also believe that CLL at this time is not a stock to invest .The future picture is not clear today and many questions are still not answered.So I don't think personnly I will buy back soon.I really don't trust that management team anymore.The only thing you can do with this stock is trading but that means you had to watch it on daily basis and I don't waste my time on that anymore.

Supposing a lot of us here have bought CLL above 3.5 or higher and maybe the most average is around the 4 to 4.5 range if not sold today.

So to make vreak even this stock has to go to 4 or higher so around 4 times current value.With the huge dillution I don't think we will get there soon even if Algar is at full speed .

So can PDP get to 5 or higher quicker?I guess this is more possible IF they get the well fixed and assuming they hit another productive well.Because it's conventional oil they don't face not the same problems like the SAGD .It's rather having some luck to drill a good well.

So a change towards this stock can bring a break even faster ahead .Of course it's some kind of gamble if you like.

I did years ago something like that.I was in a stock which goes trough the roof and made nice profits but with using options strategies that time lost a big chunk due to the 2000 dot com crisis etc..

Also the stock I was in was bankrupt too by then but I was out before.The same time I got my eye on another stock which fell from 75 to almost 0.5 € but the future was becoming fine and I invested all in that and made a ride almost to 100.

So with these both stocks here CLL and PDP it's somewhat the same .The CLL future has turned from a nice view in 2008 towards a gloomy one .We don't know for sure right now ,if they will go for the 50.000 bpd which is a nice goal ,how they gonna reach it?Since we have seen what happened with POD 1 and after for Algar the nice picture before has changed.

But what about PDP.SA is indeed not the best place for a reliable and stable investing envirioment .But so far Columbia has no cap on the price of oil like Argentinia and if we may believe management bigger oil wells to found.

So is a change in selling CLL and buying PDP an option for a quick break even.I think PDP can reach 4 to 5 if they fix their problems and found another good well but of course like I said before it's some kind of gambling risk.But after all which stock is not after we have seen what could happen we the so called secure banking stocks.

So or it's selling CLL and by a stable oil producer or take a greater risk and buy PDP.