Post by
westcanpride on Nov 15, 2021 5:10pm
Price action
Makes no sense to start another week... but perhaps it means a JV is actually on-going and the market regulators have been told to keep the price action in a tight range before news is announced?
Why CGX can't keep their share price higher prior to a JV news release, and hence get a better deal, we will never know... its clear the real 'deal makers' at these major IOC/NOC are controlling the narrative in any potential JV discussion... not Frontera or CGX.
Minus a pending JV, I cannot make sense of this price action otherwise. If they haven't penetrated through the reservoir zones yet, then the price should in theory be rising in anticipation (or least it has in other spec stocks I have made money with in oil and mining over the years).
Guess we will see soon enough.
Comment by
jada13 on Nov 15, 2021 8:48pm
All I can think of is Apache Oil and think that is the standard deal to happen now or close to a president has been set to dealing in these waters.Remember there was no leak from Apache until the news release.