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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Why stick with CLL?
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Apr 08, 2009 03:29PM
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"I am the first to admit that my level of understanding is far less than very many here, but perhaps some of you (hopefully Jurek as well as others) can explain why you remain invested in CLL. Many of the posts paint a very hopeless picture, yet the poster(s) remain.

This is not a snide dig at anyone. I'd really appreciate a serious answer."



Bobert,

I am not an expert by any means, but most are holding CLL for the same reason as any stock, belief in future earnings. If CLL was making $100 a share earning a share today, that does not make it a great investment if next qtr it is going to be losing money from then on, we (or at least I) hold CLL based on the belief that future earnings will (once they turn +, ie market, oil recovery and pod2) accelerate, thus bringing more value to the firm which will in turn be reflected in the share price.

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