Connacher Oil & Gas Ltd CLLZF

RE: RE: takeout price

[november01]

If you guys keep saying only 1.50 you just may get your wish. I think it's absolutely ridiculous for you guys to be saying a sale at 1.50. One year ago this stock had a value to 1.60 per share. Since than oil has moved up 30.00 per barrel and CLL is making a lot more money. As far as I'm concerned I would not sell this company for not less than 3.50 to 4.00 per share. At 4.00 per share that's still only 2.5 billion for a refinery, light oil assets and 500 mil barrels of oil. If they drill again this year their reserves would rise, at minimum, 10%. As I stated in an earlier post, CLL should stay the course, continue to drill and up their reseves, pay off their 100 mil debt in June and don't expand, just continue to make money and one year from now this company sells for, at minimum, 5.00 per share.