Loulou, You have made some good points about CLO, I brought in with the excitment of the Gorgon project & the sp has not done anything since.
I believe that the energy sector is currently undervalued at present and there will be significant upside in the not too distant future for the patient.
The 30% stake of Forge has appreciated 60% since CLO got it & there is no reflection of that increase in value in CLO's sp.
I agree that CLO is under valued but there are hot market sectors that attract investors,eg rare earths, potash/phosphate & lithium,rather than the somewhat defensive resources services sectors.
CLO Price at posting:
82.0¢ Sentiment: LT Buy Disclosure: Held
