Jurek

Thanks for the numbers ( BTW debt is about $3 per barrel less than your calculations) I don't see them the same way...I sent an e-mail to CLL and received a prompt reply. I have complete confidence that CLL will withstand the current storm ( if the bankers leave anything that is) based on the explanation of current costs and some projections if oil falls below current levels.Of course many will say that I'm being B*llsh*tted by management but I've got no reason not to believe them.

I heard on BNN today that ALL OIL SECTOR COMPANIES have been brought down to a level as if oil had already collapsed. Well so far oil has not been brought down too much and if it remains above these levels we're good to go.

This is the same CLL that you said should hit $1.20 with a Joint venture offer just a little while ago.Only thing that changed is the market crapped out once again..

In retrospect I'm not going to lose any sleep over my investment in CLL as apparently according to CLL oil can still head down quite a bit before it starts hurting..Now of course when it falls below the point they told me for a sustained time I may start to sweat.