Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Rocket Red who wrote (22280)	10/8/2008 11:47:00 AM
From: james flannigan	Read Replies (2) of 25575

I agree Red, But as bad as things are ask yourself is the price of CLL at this level logical??? The market cap is $336 million half the cost of the money $700 million invested in Great Divide. So breaking it down: They have the cash in the bank for Algar = to the current market cap. Now hear is the FREE PART 15000 bpd production. 1 billion+ oil reserves in place. The Montana Refinery. The stake in PDP. Now I know the market is tough,but even in 1929 investors taking delivery of free assets did very well.Nothing in the world of investing beats free assets. Conclusion: CLL is today way over sold. Its one of the oil sand positions I have left. James

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