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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Post by bnwon Aug 29, 2012 9:03am
446 Views
Post# 20273245

I'm Tempted to Buy

I'm Tempted to Buy

If I were to invest my normal amount, I could lower my average cost on CLL from $ 1.26 to .$ .63.  The question is, would I be enhancing my chances of getting my investment back and perhaps a return or is it a case of throwing good money after bad.  I key a lot on Cash Flows from Operations and CLL did OK on this for the quarter ended June 30, 2012.  However, the subsequent sale of assets will take away over half the revenues and have a definite impact on cash, perhaps even turning it to a negative.  I am a patient investor and not adverse to risk but the upside needs compensate the time and risk.  Any thoughts?

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Dealroom for high-potential pre-IPO opportunities