Hi Spide,
Knowing you, I suspect that your post and recommendations are a weekend joke.
Dondon, you Spide and 4 other posters are suggesting that higher $US is good for CLL because it increase the price of OIL (or bitumen) in Canadian Dollars.
Let see... since a beginning of the year the rise of $US have a major impact on commodity prices across the board, including metals (cooper crush from 3.5 to 2.8) and energy.
Oil droped from $84 to $72.
Dil-Bit and Bitumen prices in $CND dropped by $7 /bbl.
How this could be good for CLL?
I am not sure if anybody notice that CLL SP dropped from $1.6 to $1.2
Just to summarize, despise Dondon assurances, strong $US is not good for CLL operational cash flow and the suggestion that CLL is getting paid for OIL in $US is nonsense.
I hope that the OIL prices will stabelize at this level and the excitement related to ALGAR will move the CLL SP to $1.6 level.
Good luck, Jurek.
PS. $US strengthen mainly against $Euro and $Yen. I have seen the commends tonight that the $Euro will get back to par with the $US.