RDOTT

Interesting idea, however at what price would they buy the shares back at? Most private shareholders who've invested within the last 3 years probably have a cost average around $3.25. CLL buys back the shares and these investors loose their shirts. What happens to their credibility . NOBODY would ever invest in them again.. Companies usually buy back shares when their investors can turn a profit.

MY TAKE IS THIS,,, CLL will be the only company expanding as everyone else is cancelling projects..Oil prices should return to higher levels before completion..Look the oil sands are still a viable play and with CLL appearing to be the only expanding company, they've become an attractive buy..

I heard a guy on the radio last night,,he made sense..OIL hit the previous highs because of supply issues. Oil companies around the world couldn't build projects fast enough to keep up with existing and estimated future demand. Well along comes a World Wide Recession and all these projects are being cancelled (EXCEPT FOR CLL). ....He then said that world wide recessions rarely last more than 3 quarters.. So then what happens...The projects that would have been built weren't, supply again becomes an issue and the price of oil again goes up.

DEMAND WILL COME BACK,,do you honestly think people will pay the extra cash to buy Hybrids when gas is cheap?

When the U.S election is over and winter sets in, the price of oil will rise again.