RE:RE:RE:RE:RE:RE:RE:RE:What happens to OYL shares if FEC is sold intact after Wei?Sporty-
You are right, this is nuts. The current market cap for CGX is almost half of the current market cap for FEC???? And FEC owns about 78% of CGX market cap?????? See Below:
Maybe the play is to sell CGX on any big positive well news and buy FEC as I think it will take time for the general market to sort this out and CGX will likely jump far more (%) on day one on news of having a big Wei.
| Security Type | Equity |
| Shares Issued | 334,509,000 |
| Market Cap | 419,809,000 |
| Year High | 3.50 |
| Year Low | 0.61 |
| Beta | 1.3532 |
| Annual Earnings/Share | -0.05 |
| P/E Ratio | -25.002001 |
| Security Type | Equity |
| Shares Issued | 92,826,000 |
| Market Cap | 856,784,000 |
| Year High | 12.45 |
| Year Low | 6.726 |
| Beta | 6.3162 |
| Annual Earnings/Share | 6.228 |
| P/E Ratio | 1.427425 |