Connacher Oil & Gas Ltd CLLZF

RE: What's going on with CLL?

[sonoutlaw]

There has been news lately on the escalating costs of installations in Alberta oil country. Shell told the Globe and Mail that they may slow down on their expansion plans because of it. After that came out, UTS and CLL dropped, investors skittish over the costs of getting these sites up and running. I think CLL had most construction arranged and equipment onsite or on order. It is not a very large project being SAGD, much lower installation costs compared to the UTS project, or Shell's plans. This is just a great buying opportunity, UNLESS.... the new reserve data isn't that rosy. I am sure there are people out there with that data, trading with it. They could be the ones buying... or the ones slowly escaping their positions.