Rebels,
I do not have the time and nor do I care to read all of the nonsense posts that are exchanged on these forums. Especially Brian's... that guy makes me irate. So regardless of what you may think I am not Jurek, sorry man. I do give Jurek credit for his posts as they are usually quite accurate.
You keep saying that CLL pays the bills and earns a small profit. Take a closer look at shareholder's equity and try and explain for yourself how this 'profit' comes about from quarter to quarter. Things like currency gains do not count as they are financial trickery.
If oil ends up at less than $75 for a prolonged period then CLL will cease to exist in it's current form. The shareholders will be wiped out and the company will be recapitalized under a new name, cleaner balance sheet, and hopefully better management.
You might call me greedy but like you, I am only in this to make money. If you are losing money on this company I'd encourage you to ask yourself what you're still holding on for? They don't have the money to grow (anyone who partners with them will get the better end of the bargain), they are selling off assets to survive, have an risked EV of less than $0.20, and the macro environment is... booming? Nope. Sounds like an exciting opprotunity to me.
