What a crazy day. First unexpected Stop Sell at $1.52 and then lucky flip from 1.54 and sell at $1.6 on 13:40.

Very impressive volume. If you discount the takeover rumours one possible reason for the spike is substantial increase in bitumen price which could triggered the short selling and spark the buying enthusiasm follow by the high volume on profit taking.

Another possibility is that we broke 2 strong resistance leves.

http://www.barchart.com/cheatsheet.php?sym=CLL.TO

Most likely we will never know what spark the buying spree.

We have to wait for Friday to see if there are more buyers left out there.

Bitumen price moved from $35/bbl on Monday to $45 yesterday. Still much lower then January mid $50/bbl. Not sure if shut down upgrades and pipelines are coming on line or the bitumen price went up with the sympathy of the Paper OIL Future market prices.

Glindway,...once this company payback their debt, cash flow will be huge...

What is your opinion? When and how the company can pay their debt ?