dondon,
Look at the big picture.
Connacher management received about $1.8 billions (more then $4 per CLL share) to manage on our behave. What did we get in the return? About $1 (75% loses on you investment).
Look what the Encana`s shareholders received in return. Someone pointed out to Petrobank who started just like CLL did.
You are asking about the cost /bbl. If you look at all funds CLL management spend in last 5 years you will find that the Connacher cost per bbl/d is $180,000 and it will drop to $100,000 if the Algar will produce as expected. Not good at all. Other CLL assets are just the drop in the bucket in comparison to $1.8 billion).
Please notice that we are talking about bbl of Bitumen (in comparison to Encana`s upgraded OIL).

Remember that CLL is in the intensive care on life support (additional shareholders money). Without Algar producing over 6000bbl/d in 2011, CLL management has to come back to shareholders, sell the CLL short or close the door. The CLL SP is reflecting the risk-adjusted value.
No offence dondon but IMVHO your finger should be pointing at someone else then MM manipulators