GREY:CLLZF - Post by User
Comment by
CravenMooreheadon Apr 16, 2009 3:08am
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Post# 15921975
RE: No Substance
RE: No Substancenot this time i don't think rebel.
this stock has been priced for failure and thats not going to happen.
last time oil was at these levels this stock was at $4. we've been to 147 and back again since then, with most thinking its a matter of time till we return.
bank stocks are beginning to lead a recovery. this is important as financing is the reason this stock has been beaten. credit is loosening (google libor and cdor) and cdn banks have the best balance sheets in the world. the insiders have been buying because they have lending agreements in place in principle, they just don't need them yet. (yes, this type of trading is criminal given the amount of options they already take). this is also why institutions are buying, they are the ones signing the lending agreements!
when cll wants to ramp up, credit will be there. this in my view gets us over the short term issues.
the 800lbs gorilla is actually what got me to buy in back in feb at 0.90 and scale down to .70 when it went unnoticed that GLJ said that proven bitumen reserves more than tripled in 2008! more than tripled! this has become by far my biggest holding since then.
PBG used to trade at these levels..............don't get caught up in a day trade, this is one for the long haul!
GLTA.
PS, i haven't even mentioned that asia and china put an extra 1,000,000 cars on the road every couple of months, and that energy companies around the world are scrambling to buy cheap reserves in the face of declining supplies. cll debt isn't large given its reserves...
NO SUBSTANCE? oh i think not.