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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd
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Post by leveraged1on Feb 23, 2011 12:03pm
559 Views
Post# 18180440

Please explain

Please explain
 Oil up over $98 :
Eric Nutall ,when oil is around $80, says invest in cll if you believe oil will go up, because it is the most leveraged stock to the price of oil. Now oil is up  20% and the leverage effect appears to be zero?    As long as the bitumen /WTI spread does not change , even though it is very wide, it is still an $18 increase for value received  by cll. So why no sp increase?                   
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Dealroom for high-potential pre-IPO opportunities