Dondon

There are still to much clouds hanging above CLL.

POD 1 has showed that it's not directly certain that the design output could be reached.It still is below the 10.000 bpd despite the ESP pumps on some well pairs.So the costprice of the project was above design scenario.

By seeing all this it would be to easy to assume Algar will go up smoothly.

What if oil goes back down for a while.As we hear on the news there are still companies which are in bad shape and some are going down as well.So the jobless claims go further up.I think 2010 will see some recover but with the high unemployement rate that will slow down the growth.

Are you sure this is the final dillution.The more you dillute the shares the higher the earnings must be .That means though output is risng the earnings much be divided among more shares so the eps will be low.

You told you have enough in other safe funds so the risk in CLL as an investment is low and in that case it's justified but to have a huge stake in this company with the recent evolution is not a good idea.There are better stocks for a safer investment.

Also the risk to invest as a Canadian is smaller then someone who has another currency.If Americans or like me as an European invest in CLl we had to watch the exchange rate as well.You can gain on the currency but loosing on the equity and vise versa.

I will follow this stock but will not buy it at current time.IT's in hands of traders and either a candlestick play then an investment stock right now.