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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

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Message: Final Thoughts

Mar 18, 2010 07:15PM

Lots to digest there, but not much that we didn't already know.

Overall, I remain impressed with the company. However, Gusella's "great leap forward" (has he been reading Mao?) needs to be kept in mind. 2010 is a turning point for CLL, there is no doubt about that. However, it won't be until 2011 that the money starts to really roll in - late 2010 is merely a warmup.

So I feel that we have another year to wait before we start seeing significant appreciation of the stock price. Frustrating, considering that we briefly touched $6.00 per share back in, um, 2006?

However, speaking as someone who has been invested in the company since 2005, I can wait another year. It's ironic that I often posted, way back when, that it would take until 2010 until the company was really going to be able to start to take off. Little did I know at the time that I'd have the patience to wait that long.

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