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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (6099)	1/25/2006 6:44:45 PM
From: Metacomet	Read Replies (1) \| Respond to of 25575

The CLL or CWPC dilemma. With these two stocks jockeying at about the same price, which is the one to buy now? With CWPC, you gain access to this huge land position with probable large oilsands deposits. The downside it seems to me, is that you are looking at a substantial period of time for asset delineation. If the bitumin is confirmed in economic quantities, CWPC will be unable to develop it without massive capital infusions from additional equity or a JV partner, and you are looking at a time frame in years to develop the infrastructure, permitting etc. The more likely scenario would be a buy out. The upside limit on CWPC seems to be the price that they could command on a buy out. CLL looks to be positioned to go green on production within a year. Thanks to PDP, they may be able to fund Great Divide without any additional dilution. Since their property is clearly bounded, their additional exploration costs will be confined to drilling what they have already characterized. I dunno. It just seems to me like a dollar in Connacher here will come back sooner and stronger than the alternative. YMMV......