Share rightsBeing from CA, I was pretty ticked I could not participate in the offering and didn't think enough people were stupid enough to sell their shares at this stage of the game to allow me to purchase more in the $1.29 range but alas the world is never in short supply of short sided sellers so dang I actually get to buy more shares tomorrow. Woo hoo, exciting times.
Btw, if either the port was priced into the SP, Kawa-1 wasn't surrounded by oil in large quantities, the tracts of land CGX controls weren't located so favorably, the current management team wasn't so experienced, 3rd party review of their 3D findings wasn't favorable, majors weren't actively looking for ways to get more involved in the basin, the price of oil wasn't moving north in what appears to be a long term trend, Fronterra wasn't showing confidence by buying up any available shares left over from the offering, the practical float wasn't so low, I'd probably be more conservative.