Spidey?
I'm fully aware what CLL sells - but do you accept the value stated in the Annual Form being $2.7B? CLL estimates we have $2.7B, 20k of the 50k bbl/day brings our current production value to $1.08B - want to argue this asset value today?
I thought you were a bean counter? Asset less debt less share value.....what more do you need to see - we're going no where?
Yep, I sold a significant quantity of CLL over the years, made a good buck, but lost it all back, and then some. I hold less than 25000 shares now and strictly trade the range - not a long term hold - but nice to trade otherwise.
Do I believe CLL is worth $1.50 today? No... Do I argue with the market when it trades here? No.... Just trade it....you'll sleep better at nights.....
Good Luck,
Booster