Hi,I just received the Fairholme Fund annual report today and had a read through it. Bruce and the boys still have about 14% of the fund sitting in CNQ.I bought a few shares myself back when they talked about it in Tilson's newsletter which was around April of last year I think. Stock price hasn't done much since. I've noticed that Bill is a believer in the idea that higher oil prices are a fact of life going forward and was wondering if anyone else had taken a look at the company. Personally, I have no confidence in my ability to predict where oil prices are going. I do have great respect for the way Fairholme invests though, and the fact that they have taken this position to 14% of their fund has got my attention. I do not think that many if any investors are as diligent as these guys.Here is a link that summarizes the Fairholme case, would be interested in hearing what others think about the company.http://boards.fool.com/Message.asp?mid=24568181Swizzled
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