GREY:CLLZF - Post by User
Post by
coughlcon May 07, 2008 6:57pm
317 Views
Post# 15049254
Patience is a virtue.
Patience is a virtue.No one is going to believe that there are delays when on enourmous volume, CLL blew past the 12 month high.
Check out the analysis by the banks and bond rating agencies. They were optimistic on CLL at the WTI price of $55 to $60 to finance the debt load and continue to prosper. What do you think that it is now with the price averaging in the $100 for the year if not more? 11,000 boe/day right now. Simple math folks. As the need for oil increases the differential for bitumen will become less and less relevant.
Correlation: Your premium gas versus your regular gas. 10 cent differenctial except that instead of 49 and 59 cents it is now 1.25 and 1.35. Your percentage differential drops.
See you at $20. Petrolifera did that on 10,000 boe when the oil price was half of what it is today- get it?!
Smile all the way to the bank.
Patience.