CGX Energy Inc V.OYL

Posted this Oct 1

[taal]

Unfortunately I think we are range bound between 1.60 and 1.90 until after Oct 28....If share price doesn't move Shareholders are more likely Not to exercise thier rights ...therefore more shares for Fronterra...If share price does move then most shareholders would probably sell thier rights ....so why would Fronterra want to pay extra for the rights to aquire shares when they Don't have to... Range bound with No volume ...no news ...until after Oct 28...Glta

[stark15]

i agree with TAAL and others who say we r stuck around $1.60-$1.80 until end of October.  Imho, this process all makes a ton of sense....to Frontera, DeAlba, CGX and us shareholders.  Why would they let the share price rise above $2+ and have us exercise our rights?  Answer is, they wont.....does it really matter?  Most of us are in at a MUCH lower average and are for the most

[Geologist5]

Spot on !!

[CLOUDER]

yes most of you have bought at a MUCH lower cost,    BUT  you do not realize gains unless you TAKE them.   EVERY one here thinks that CGX will drill 2 wells,  i truely believe that if  KAWA 1 is a dud   there will be no second well.      30 cents to  no  were.  AGAIN,  for CGX,    4 for 4 ,  and thats

[westcanpride]

If Frontera truly wants >95% of all these new shares @ $1.63, I can absolutely see the current CGX share price falling below $1.50 in the couple weeks or so. Only a fool would exercise their $1.63 warrants then (especially when you could buy on the open market for cheaper)... Frontera then comes in a scoops up easy shares.  Hopefully some of you folks did sell some of your CGX shares for

[stark15]

well, it would seem at the current price (and if it stays around $1.60)....that Frontera wants ALL THE SHARE rights......ok by me, lol !!

[Rapsani]

Frontera has been steadily increasing as the pirce of oil goes up, however, once we crossed the strike point of $1.63 today (even with oil up again today), FEC has taken a hit.. perhaps their shareholders know they could end up having to buy the entire lot.     As we've read.. maybe this is their plan because they have information we don't and buying all the rights will

[CLOUDER]

or disaster, like what happend to  tullow oil.

[stark15]

yes, Frontera wants all the share rights because they believe a disaster is coming, lol......catman/clouder is the noise i was talking about, lol (but he is funny, and desperate for attention, u know, like a toddler)

[ljmorin]

Was exactly my point starky. all good.