Someone pointed out earlier that institutional ownership has increased during the last quarter by just under 2% (currently @ 8.35%). The fact that these presumably more conservative investors are getting on the bandwagon bodes well for the future share price.

I expect that once CLL reaches 10,000 bpd and consistently generates significant quarterly cash flow that more institutions will view CLL as a safe haven for money in an increasingly volatile investment environment.

Just out of curiosity I checked the institutional ownership of other oil sand companies and all the large ones were around 70% (E.G. SU, PCA, ECA & CNQ). PBG was over 30% & UTS 25%.