Very good news for CLL.

Husky Lloydminster heavy oil upgrader is back on line. It was operating at 70 to 80 percent of its capacity since early September effecting Bitumen prices in Alberta.

As I posted before CLL Q3 bitumen prices (~$44/bbl) will be about $10 lower the in Q2 and below total cost.

As of the end of last week CLL bitumen prices moved above $52/bbl much closer to the brake even level. With today`s increase in WTI we may past the threshold level.

Scott

As always your post is right on the money.

...There will continue to be little interest until 1) Connacher increases production; or 2) a joint venture agreement is reached which is favourable to Connacher shareholders; or 3) management announces that it is selling the company in order to maximize shareholder value, in my humble opinion..

Frantic activity on the board today.

Suggestions by company advocates Rebel/CLLSAGD that CLL is making money below WTI at $75/bbl is pure fantasy.

Another fantasy land these CLL advocates explore here is the world of conspiracy and manipulations. This is their diversion tactics.

CLL Short positions is at historical low (see the link).

http://stage.walletpop.ca/company/connacher-oil-and-gas-limited/cll/tor/short-interest

The only reason CLL SP went down to this level is that the Institutional holders reduced their position from ~40% to ~20% (as reported by Scott). 80 million shares sold did the damage to the CLL SP.

Another then Reuters (by Scott) look at the CLL institutional holdings:

http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=cll-t&country=CA

Great day for the Junior Oil Sector on the TSX today.