Connacher Oil & Gas Ltd CLLZF

RE: The $15-$20 SP problem is:

[cartach13]

I agree with both previous posters butI don't think that CLL will make any real increase in price until the output in POD1 is proven and operating at full capacity. I'm a long term holder and hope this will happen sooner rather than later. I'm sure that the price will increase towards $15 or $20 but only when more PODs are completed and then the increase will be gradual,reflecting the value added as more production comes onstream,but only then.It will also move up in tandem with all oil stocks when that happens for the various reasons given . The project does'nt have the same excitement as what might just be around the corner for a company like PDP and the share price movements won't be as volatile so I don't expect any big jump even when POD1 is fully completed. I also think that the big investors are taking a wait and see approach before buying in initially or increasing their existing investment. I submitted a post a while back regarding Deer Creek - that project was very similar to CLL, using SAGD one pod at a time.They started a couple of years ago and are still only producing 2000 bls./day maximum because of steam leaks and other problems.That project is presently being reviewed for the possibility of using conventional mining methods.Deer Creek's share price was up just over $13 when they started,then they recieved a takeover offer from Total of $25 which was subsequently increased to $32 and the shareholders were real happy. The same can't be said for Total who have a lemon on their hands. Big investors and institutions are well aware of the Deer Creek fiasco and others and I think that's why we have'nt seen any significant increase in SP and won't until there's less uncertainty. Just my opinion.