GREY:CLLZF - Post by User
Post by
northern-ehon Dec 24, 2008 12:53am
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Post# 15665391
to buy or not to buy . . . how low can it go?
to buy or not to buy . . . how low can it go?I'm been thinking about getting back into CLL for a while after selling out last spring. But it seems that this might be a case of "he who waits wins." If oil really does drop to $25, oil stocks will continue to face downward pressure. And companies like CLL with high production costs will continue to lose money.
I'm not bashing. If this is a viable company that can survive a long recession or depression, I would like to get back in.
Can anyone tell me what CLL's cost per barrel is? How long can the company survive with depressed prices?