They made money even though oil dropped significantly and production levels were down slightly and that's all that counts..Considering that AVG bitumen went from $54.49 to $40.98 ( a decline of $13.51), I'm pretty satisfied with the Quarter.. Just for fun if bitumen had maintained the last quarter price you'd have 1.210.860 * 13.51 =16,358,718 in additional revenue or an addition.0365 per share of earnings...Now considering the price of oil is now once again nearing $100 and tensions between Isreal and Iran are gearing up I'm pretty certain oil prices will continue rising..AS A NOTE the fact that CLL had a 1 % per share profit at $40.98 bitumen PROVES MY CLAIM AS STATED THAT CLL COULD SURVIVE @ $35 BITUMEN...If you inserted MY $35 a barrel instead of the actual $ 40.98 CLL would have incurred about a 3.6 million dollar on bitumen.( make it 4.5 billion if you include NG Crude etc). So CLL ( and I ) claimed they could survive at $35 and the numbers PROVE IT..Cash on hand would have been more than sufficient to survive an approximate 4.5 million per quarter loss until oil prices recovered.

It would appear that one of our posters on this board has suddenly achieved the credentials of Certified General Accountant as he was able to identify with certainty what he's presenting as accounting smoke and mirrors. Apparently forensic accounting has become a new skill.