Hi Brian

As you can see there was profit taking after the shoot up after the opening.The uncvertainty on this stock will hold on for quite a while but IMO CLL wil behave in line with oil price and markets pattern.

Positive effects are

1 oil price stays around the levels we had last months

2 economic situations becoming better

3 better performance with the SOR

4 cost savings

and maybe some more but if the above items gone the wrong way then the risk factor goes up again.Management has put this company in such a situation that they can't afford bad situations.

Also I would like to read how they are going to expand this company to 50.000 bpd.You should think that the board members take notice about the common shareholders.I still remember they stated before Algar financing that there should not occur a dillution.

Sometimes I ask myself the question where the sp should be if they had waited just a couple of months after the bank crisis was over .I'm almost sure the sp wouldn't reached a level below 1 because the burden of the debt was not there .Of course the tanking oil price could have had an effect for pod 1 production as well but supposing they went for a financing deal even with dillution of shares they could have get a better price so that the dillution wouldn't be so severe like last one.You get the impression that they have no feeling with investors in their company.We as shareholders feel directly the impact on our invested money so if they act not according to our view on how to handle that money then of course this is a factor for critisism.

About Willy sam

I have had not the impression of an attack so I can live with that.I give that company a chance but I'm prudent so I do trades with CLL.I was a long holder before they messed up things and that was a lesson to be prudent this time until all is more in line and risk is lowering.But I don't trust management on financing decissions.They took to many risk .

BTW guys and girls I thank you for the support on this board.

CLL:CA

1.38 -0.03