Connacher Oil and Gas

Sorry Booster. What I was thinking about? The $100 million debenture will never be converted at $5 per CLL share. Most likely it will be replaced with the new convertible debenture with slightly higher interest rate (about 5%) plus $5 to $8 million transaction cost pay by CLL.

Sharky,

Yes, the CLL chart and general market condition does not look convincing for buyers. I am 45% in cash. Interestingly the daily RSI for CLL is about 40 despite heavy selling in last few sessions. One would think that we should be in oversold condition (10 to 20) and ready for the bounce.