GREY:CLLZF - Post by User
Comment by
Dee10on Aug 24, 2005 9:55pm
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Post# 9458476
Opinion to Bart2's Question
Opinion to Bart2's QuestionYour question: "For starters...where do posters see this stock going in the near future? Oil sands production is still along ways off. Will we ride the wave because the oil sands are hot now or will things cool off till we are closer to production?"
In my opinion, the stock has been valued by a few analysis as being worth $3 and change, that was when oil was at what..price? The oil sands are hot and will remain hot as long as oil has the potential of staying the same price or rising further as it is more expensive to extract. All you have to do is look at UTS's chart last Jan. and what was oil then?
Again, if you look at UTS that isn't going into production until 2008 or 09 and the huge share price rise considering this, with CLL starting production in I believe late 2006, the market is only recently noticing/evaluating this factor as well as oil rising rapidly. If you believe oil is headed up and given the above, why would you think CLL stock price would go down as we get closer (approx. l year before)production and making money?
To me, it's a lot like gold/silver, etc. you have to read everything you can, draw a line in the sand of where "you" think oil will go up or down. CLL is the new up-and-coming one (with many advantages posters have pointed out), fortunately also, there are extremely few companies to choose from. I own both (CLL & UTS) and enjoy reading the intelligent posts of the pros and cons with each. Personally I can't see anyone going wrong with either, UNLESS oil drops big time. My research says "full steam ahead", I might add...unfortunately for our households, etc.
It's good to see many of "my valued" posters on board with CLL and UTS.
Cheers, Dee10