GREY:CLLZF - Post by User
Comment by
tlmbigon Nov 24, 2010 9:19pm
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Post# 17754607
RE: this would be a good investment
RE: this would be a good investmentCLL has alot of debt, I worked for a company doing 12 - 13 k boes a day we sold for 900 m and a lot lower oil price in 2001 so I find the value low and debt reasonable for a company this size and alot more upswing on the land base, problem is cash flow that is needed to cover debt will kill us bad , bad , bad deal with the banks