Scott:

1) Foreign Exchange Rate: Connacher benefitted in Q-3 and made millions of dollars on the higher value of the Canadian dollar.

Scott, nice transformation on your side from cautious to exuberance. What happen to usually good due diligence on your part?

As per CLL Q3 Report , they did not made millions of dollars on the exchange gain. They just reported (for accounting purposes only) unrealized foreign exchange gain of $53 million dollars. The only realized gains were $2.8 million. Do not full yourself and the board that CLL has additional $53 million on their account.

In addition they added to the netbacks $14.7 millions of unrealized accounting gains of unsettle commodity price hedging contracts. This is in total $67,7 millions which never arrived to CLL account but was reported for the accounting purposes only. You know what would happen to the headlines if you would subtract $67 million?

IMO, inviting the board to joint the exuberance based on the information from the Q3 report may not be a wise idea. As you know better then me, CLL is not yet on the clear path to the prosperity.

Spide,

How come the Q3 is better then expected as per your post?

Your realistic numbers were 6.6 cents of cash flow per share. CLL reported 3 cents including unrealized gain of $14 millions. Without the $14 M the cash flow would be zero. I think Cornergas estimated 10 cents of cash flow per share.