Re: Some idea's
in response to
by
posted on
Nov 07, 2008 01:15AM
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
Agreeed, but I do not think CLL wants to sell until they get to 40-50K and then the price would be well into double digits (sp). Short term we may not see much sp appreciation, look at CLL cash projections, they are grim during algar buildout/rampup (basically all of 2009) but once algar is up and running at full steam (sorry for pun) cash projections take off. Stay long and look for future value here. Buy on any dips, but remember to stay diverified, and protect your bacon, it is a scary market, but also one full of future winners. God Bless