GREY:CLLZF - Post by User
Comment by
d_rr_whalenon May 28, 2008 9:02am
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Post# 15117518
RE: World's Hottest Oil Play * CLL # 1 Oil stock B
RE: World's Hottest Oil Play * CLL # 1 Oil stock BI was at the share holders meeting, and judging by Dicks enthusiasm (and that huge smile on his face) when he spoke about the core samples, I think you are right, we will be pleasantly surprised and happy with the results
If the sector maintains its luster during the months ahead I think the $9 dollar target is possible, i also agree with your $6.5 target range if the sector doesn't maintain its luster and is hit with unfaourable news.
In November the world oil reserves/supply will be released, this could be the news the sector needs for another rally we had 2 weks ago.
If the economy shows signs of recovering this too could help, if it doesn't show signds of recovering, well, oil stocks just might be held back for a few more months.
16 P/E was the normal from January through to March until the rally, then the P/E slowly went to 20 then 30 at the peak of the rally, so we know people will pay a premium for CLL, just nned the news and markets to follow along/. good Post, Isn't this exciting........its nice to have a conversation with someone with a little applied knowledge...noticed i said applied and not just knowledge,......lol