Connacher Oil & Gas Ltd CLLZF

RE: CLL is no screaming deal

[METACOMET]

You are partially correct. These companies market caps have nothing to do with NAV. This is proven by looking at all the oil sands plays with no verified asset value selling either for wet dream assumptions of OOIP, like BQI SOIGF, DWOG or PTCH, or valuations based on 10 year waits until first production like UTS, or hopes of technology returns like PBG. CLL represents a far better investment, if not a better long odds crap shoot than any of these. The frustration is that performance and balance sheet realities are not as appealing as the aforementioned crap shoots. You mat be right that CLL is fairly priced. If so, then these other plays are ridiculos at their valuations.