Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Kayaker who wrote (22999)	12/21/2008 10:42:33 AM
From: CommanderCricket	Read Replies (1) of 25575

kayak, Nope - wasn't me. Our cars are paid for. BTW - while the rest of the country is in a deep freeze, several of us went 20 miles offshore grouper fishing. Got a few legal ones too... 78 degrees and no wind. Its so great living down here! Back to CLL.... Here's my thesis and thoughts. I can afford to rearrange the long term portfolio's a little and take a few bets. CLL is going to be one of them (along with NPE). 1. IMO CLL is not going bankrupt and will survive this mess. The stock can only go down another $0.70 USD, so the downside is noted and I can live with that. The risk/reward is worth a swing at this point. 2. Any upside with crude in the next 12 - 18 months will be magnified in CLL stock price. As soon as the herd believes we'll get through this where else in North America can you buy properties for $10k - $15k per producing bbl. 3. I want to buy and hold and not looking for a quick trade.

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