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

To: Taikun who wrote (20068)	3/28/2008 8:01:05 AM
From: james flannigan	Read Replies (1) \| Respond to of 25575

As we can see by the RBC report CLL is a very rapid growth jr.We may be only a few more months away from pod #3 application.The price target I have a problem with @ only $4.75.WTO was a 35,000 brlpd producer and sold for $7 billion.BPG has near a $5 billion matket cap on run ups.CLL will likely pass PBG as a larger producer in less than 2 years.So to put such a low valuation on CLL of only a $1 billion when Deer Creek sold for $1.67 billion in $40 dollar oil and not even close to a 10,000 brpd started,makes the price target way too low.Logic says that CLL is worth at least $10 right now in $100 oil. If CLL got a bid RG would not sell for less than $10 and taking into account the con-v production and the Montana assets $15 is in my view not out of the question. James