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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: Re: Underperforming

Jun 25, 2008 07:09AM
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Jun 26, 2008 05:30AM

CLL is a long term play no doubt there but the small increase year over year doesn't add up with all the positive's added over the past 12 months. Maybe it does for you.

Dilution isn't the answer, financing at the proper time is, like I posted to MDog if DG thought he may have received approval earlier then it would have been a good move, hindsight shows not, I guess I have my thoughts and you have yours.

The price spike has gone, gone back to a small increase year over year, with countless positive events. With all these positives in our bag, maybe you can answer what is holding back our company?

Please don't tell me that you think the interest they are earning covers the interest they are paying?

No point commenting on the IF comments, too subjective.

Let me ask you a question, if you were living in a house with a mortgage, and wanted to add on to that house, but needed an inspector to approve it. The inspector says it may take 9-12 months for approval. Would you break your current mortgage, pay a fee for breaking that mortgage, take out a mortgage for the entire project, at higher rates, put the extra cash into a lower paying interest account and hang on for approval?

I am glad you make sound decisions in making LT investments, and I'm hoping you made a great choice in CLL.

Kramer is not my guide, I definately enjoy watching him, very entertaining,and once in awhile he has something good to say, like buying good stocks below your target, right now CLL is a good stock below my target. Hence buying as it is going down, of course I always think it will stop going down.

I'm glad you can see the future so well about it AIN'T going to happen. It probably won't because of the financing gorilla costing us about $1.00 a share. I will have that beer though!

Peter




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