RE:FEC value based on CGX Friday CloseCorrection!
Based on Friday's close - CGX = $1.80
FEC holds ~257,883,000 shares of CGX = C$~464,189,000 based on current CGX valuation = C$~5.36/share
FEC approx. intrinsic value = C$~7.10/share
FEC should be at least ($5.36 + $7.10) = C$12.46/share right now.
Look at the ticker. $12.46 is what you get for FEC. Quit your griping and go back to your FEC and ECO (too bad about that one!) pages and put up your fantasy numbers there.