Connacher Oil & Gas Ltd CLLZF

$2 target

[yitearp]

Ok, in the big picture of things I know next to nothing about investing- if I did, would I own CLL?  But what kills me (poor grammar notwithstanding) is investment firms, and big ones at that, have recent $2 target price for CLL (Credit Suisse & CIBC).  With the resources and connections available to them, you'd think Credit Suisse & CIBC would know infinitely more than the average investor but yet, here we are with CLL languishing near $1.  I realize these investment firms have vested interests in promoting certain stocks but when I go on BAYSTREET.CA, the lowest target price I see is $1.50- we're 50% off of that.  What does this mean, are all these firms are wrong?  I really don't get it.  Nothing seems to be able to move the share price: $2 targets from investment firms, oil near $100, NR's touting new technology to improve SOR's, new light oil production, increasing SAGD production, finacial restructuring to reduce debt, etc.  Nothing CLL does or says has an impact on the share price.  The market does not respect this management team and I've said it before but Dick needs to go- he's had so many chances to make this thing work but he's failed, it's time for him to put his ego aside and for the good of the company and shareholders, let someone else take over.  I'm convinced we'd see a significant SP bounce if it was announced CLL had a new CEO.  This stock is not for the weak of heart, that's for sure, it hasn't rewarded its investors in the last 5 years- sometimes I wonder why I hold on to this thing...it always seems hopeless.