Connacher Oil & Gas Ltd CLLZF

RE: Buyout speculation

[METACOMET]

The question is what is the buyout player waiting for. EUB is a given, but it may be that caution is preventing them from making a move. If the market cap can be restrained with a positive increase in the soon to announced reserves, I would expect to see who has been feeding shares into the market thru Goldman, and others, emerge quickly. It is naive to believe that these strategies are not employed. It would be next to impossible to prove and a company the size of CLL is unable to mount the legal challenge, even if they were able to find some evidence. Consider the logic of shorting shares in a company you intend to buy. If you plan to make a tender anyway, your share replacement happens as part of the buyout. And, if your sells have been successful, you have managed to achieve a substantial discount to the market by shorting shares that you planned to buy back all along. I can think of no other reason for the price behaviour we have witnessed over the last few weeks. Considering the garbage that keeps drifting up, nothing else makes any sense.