Frontera Energy Corp T.FEC

FEC is making new highs

[liquorwolf]

FEC is at the high for the year. The street knows what they got, a WHALE. Matter of fact they have three Whales. Columbia-Ecuador is a money stream, Guyana is going to be their 2nd Whale and their 3rd Whale is CGX. Note that CGX is not making new highs, but swimming close to $3 lower after the initial Kawa-1 pop. 



One has to ask why this is the case? My take on this is because CGX is dead broke, out of money. So what is their future? Will FEC buy the rest of the shares? I believe they will, but don't count on a windfall. That is what the street is saying. And after they own them, FEC will go the JV route. WEI -1 will cost $120mm targeting the Santonian, I expect this to be an Elephant. As for the timing of FEC taking CGX out , my guess is by the end of July. 

All comments welcome. Please be civil. I am not bashing CGX. This is just my opinion.

[edmed]

I agree with you held CGX for almost 9 years sold out all my shares for a nice profit and put 30% of my money back into FEC at the recent low of $12 the insiders and government officials connected to CGX will all make millions but I fear the average shareholder at CGX will be dissapoiinted when the dust settles on this. the only way I saw of making any more money was to cut ties with CGX and