RE:RE:RE:RE:What happens to OYL shares if FEC is sold intact after Wei?Sporty,
I agree this is a very convuluted setup, that I have never seen before. Where the hedge fund managing partner, is also chair and very active in a small cap overseas oil company (FEC) who controls about 78% of a much smaller oil company (OYL) where he is also a co chair and active in decison making with them. With the new Colombian President being a Greenie on top of being a socialist, he has called for the end of drilling and mining in Colombia and already has increased the taxes on their O and G companies. So, the country risk from FEC's substantial free cash flow has increased substantially and obviously had an affect on the share price...add that to the fact that CC's $ that purchased PRE from Bankrupcy was from Limited Partnership funds so CC has a fiduciaty responability to safeguard these funds. Now with the risk increasing in Colombia, the volitility of O and G and the high cost and risk involved in offshore drilling I just feel that it would be far simpler to just try and sell FEC upon a sucessful well. There already has been years of litigation ongoing from investors in CC's LP funds. Here is one example and why I think CC is not going to hold FEC much longer meaning anytime after Wei results are being evaluated,
Missouri plan sues Catalyst, claiming fiduciary lapse, misconduct (showmemonews.com)