Just have to be worried about $ flow, the $50 break even is based off of Algar production (spread cost), wonder what it is with out it? Has someone a lot smarter (does not take much) than me done a cash flow analysis to determine what $ oil has to be for CLL to have enough funds to complete algar? I know they have the financing, but it oil is below thier breakeven point they will be bleeding cash, I think this is why they did the recent move to free up more $.

I am not bashing CLL, just think it is hammered due to $ issues, I am long CLL and have been for a long time, I am looking 3-5 years out and never really paid much attention to market noise since long term horizon, however with huge drop in oil $, just want to make sure CLL has enough $$ to get there. I would think oil will recover later next year, but that is just opinion. Happy holidays all (besides the shorts).

Rex