Good point Jurek, however, the fact that an analyst (The quote comes from Mr. Michael Smedley, who manages the closed-end Canadian General Investments Fund. Writing in Investor’s Digest of Canada, he doesn’t deny that the costs are high and may get higher.) has now viewed CLL as a force worthy of more attention is good news.  This expands the knowledge of CLL to a new group of investor which has not acknowledged it before, and its by somebody who was even against it in the past.

Finally, the fund manager is willing to make one exception to his rule that the oil sands are for big-capital companies only. He has, he says, “recently somersaulted into a more receptive stance” on Connacher Oil & Gas Ltd. (TSX-CLL).

“I have no idea how the costs overall will pan out for the wide-ranging interests for Connacher,” Mr. Smedley frankly tells his readers in Investor’s Digest of Canada, “but it is planning for a long future and is worthy of more attention.”

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