Hubisan, your evaluation make sense.

6 X the cash flow is very reasonable. PBG (Petrobank, Canadian darling) target price of $50 per share is based on 5.8 multiple to 2010 CFPS. Cornergas`s 10 X multiple as pointed by himself is just the dream. Median for E&P Canadian Oil&Gas in Q2 was X 4.8

http://www.haywood.com/pdffiles/PBGOct272009.pdf

Cornergas, Spidermen, 2C and all of you guys....good work on the Cll fundamentals.

Dean2.....CLL Q3 numbers are in and were posted on this board. Do not look for miracles. Look at the spidermen spreadsheet (he did not pay me the royalties yet :-)) and draw your own conclusion.