GREY:CLLZF - Post by User
Comment by
poulton50on Aug 12, 2010 1:58am
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Post# 17343768
RE: Wellsitter, Lonewhiner, Q2
RE: Wellsitter, Lonewhiner, Q2Wellsitter, before you start bragging about your bang on estimates and always successful
trades check your original post. You missed your estimate (2.5 cents gross) by 10 cents.
Very discouraging Q2 report by CLL. Despite much higher commodity prices (NG, Bitumen, refining margins, Q2 WTI average at $78 per bbl ) CLL is loosing money. POD 1 production, after 2 years of ramping up can`t go over 7000bbl/d mark per Q. Their net cash flow does not support CLL interest payments or their expansion plans. I think we need $100 oil to move this baby over the $1.8 per share.