Since it is that time of year, I thought some might find it fun to predict what we thought would happen in 2009 as it relates to CLL, then see how right/wrong we were 6-12 months from now as compared to "the experts".

My thoughts:

• Oil goes to $30 in Jan before begining its slow climb back up once the US and other countries start announcing stimulus packages/rate cuts and the Israel/Hamas situation comes to a head. CLL follows oil down to the high 50's. Gridiron expands his meagre holdings at 0.59 SP.
• mid-Feb, OPEC announces a further cut in production of 1.5 million barrels, providing an additional boost for oil prices.
• early March oil comes back through $40 as anticipation for the summer season builds. Economies bottom and from here, while 'not great' are 'less bad'
• May/June oil comes through $50 where it begins to hold. CLL brings Pod 1 back to full production.
• August/September - one of the worst hurricane seasons on record pushes oil to the high 60's/low 70's. OPEC increases production by 1 million.
• The ever increasing world wide recovery (still just 'not as bad as before but not yet good') helps hold oil prices in the high 60's/low 70's through the end of 2009.
• With sustained prices and a more positive 2010 outlook, CLL announces in their 3rd quarter report that they are going to start on Algar 3 months earlier than now thought.
• Dec 2009 - 2010 forecasts now show slow growth for US and world economies, not on fire, just better than "0".