Re: cll mentioned as possible takeover target on bnn - rebels1 SCOTT
in response to
by
posted on
Aug 28, 2009 09:19AM
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
Being that CLL knows the inside workings of PDP (since they run the company)I believe CLL did good by putting more cash into PDL . Buy and expand when things are low as when they start to move you should see a big difference in SP .
Oil just has to only stay where it is now for CLL to do great , and any increase in oil price is bonus . I just dont see Arabs giving their non renewable resource for less .
A mid cap company with growth insite is gonna do just fine as it looks like the trek back up in price has started and I think we should see a break above a dollar soon . Long time holders of CLL when it was around $4.00 should happy soon especially if they lowered their average .