Good posting

CLL may not see the appreciate its means at the end. Heavy debt, totally dependent on the price of oil price, CLL is not structured to surve if oil falls, and oil will fall if we have an other recession in a year or so.

That's the problem with this company .You can't by far say what the future will be.Right now they bet on some luck because another oil drop will be devastating for them.

Their biggest problem is timing for financial deals and also for their hedging.The last once were not bad but those at the crisis were not.

Indeed for PDP they way Argentinia put a cap on their oil selling price was probably a surprise but now they stuck with their assets which no buyer showed up at a decent price.

At some point it's unbelievable that we are that low for maki,g a financial deal.

Indeed like Dondon wrote all new start ups cost a lot of money but it's HOW the board use the money .Instead of making good deals they do it at the wrong time which cost the shareholders a lot of profits.

The form of the company as well is also questionable.

MRC bought as a hedge but until now nothing seen about it.

Luke same story.

I don't know why they don't use their conventional assets to get more oil out of it.Jurek made the comparison earlier and that could bring a lot of cash in the pocket.Maybe it's not possible don't know about that but IF it can be done why not do it.

Like Brian wrote .Take the two companies .PBG and CLL .Quite a large differance.Probably management from PBG have not the gambling attitude like we have here.