CGX Energy Inc V.OYL

KAWA-1

[soulfire]

We have all waited years for CGX/Frontera to drill this well and hoped the SP would react in kind.
It has, many will be taking profits and rightly so. 
I have not sold a single share and will hold to the end. If KAWA is successful I will be elated, If it's a dud I will need to take some time off work to deal with the depression....you know that sinking feeling, second guessing my decision?
For me I have waited too long and suffered the 10:1 consolidation to settle for just what our SP is right now.
I truly hope they find the MOTHERLOAD!!!
In the event they don't find commercial quantities I hope they find at least a promising Hydrocarbon system which would lead to a JV.
Would this be the end or just the begining of CGX?
They should be through the Santonian by now or very close to the bottom of it.
What a dilema....how does one manouvre this scenario
Keep the faith
GLTA

[CLOUDER]

well  soulfire,  i have a shopping cart that i have DETAINED  from a food store that will be my  car and home  if this goes south.  I  will take it back (the cart) if we hit,  but won`t  if not,  i know that i could be charged for steeling, buuuuut  that would be ok, because  it is -  30  were i live and it is much  warmer

[soulfire]

Funny CLOUDER... It won't come to that. You are correct though a lot of homeless people just steal to go in prison for the winter. 3 meals, a cot and small change when they come out in the spring LOL

[CLOUDER]

yes it is so sad man,   this cold is killing the home less it is horible. I have given more than i have ever to the food bank and home less shelters,  man  i could realy give a wack if this is as special as i think (hope it) is.    

[soulfire]

Yes I believe in giving to the less fortunate it is something that we all should do once you can afford it. You're a good person CLOUDER

[Coloradobuff]

Depends how many shares you have. If you are cost neutral let it ride or take out say 20% and let rest ride. If you aren't cost neutral and have a large stake. Take out cost basis, live to fight another day or average down with the cost for the next well they drill 

[jtdd]

Colorado, call me stupid, but I still have my 703k shares and it's my only investment. My moderation button broke a long time ago! Just gotta wait til news, my friend!

[Coloradobuff]

I don't think you are stupid at all. It all comes down to risk tolerance. For example my risk tolerance is less so if I had 700K shares at .50 acb. I would sell 129K shares to get my cost out. I still get to have 571k shares and if it hits 10usd buyout that's 5.71 million vs 7 million. I  get you lose the upside but you now have 350k back to use to average down for the next well if

[RHertig]

jtdd there are a few other oil stocks just as exciting as this one. If you sell just 100,000 and diversified you would sleep better. Even if you moved that small amount to FEC you still have the upside. If things go south FEC will hold even more of us. Plus they actually produce oil.

[CLOUDER]

yes i did that to capture a tax gain sell to offset losses  for the first time in my life. so i .......... with  what little i could have had  in CGX still,  yes i know that this might be a jinx  to  FEC  ,kind of looking like it eh.  BUT i have never had  FEC before so it shoudn`t.  MAN  right after i ....  CGX  it went  strait

[soulfire]

Living to fight another day will forever keep you fighting IMO

[Coloradobuff]

I disagree know one goes broke taking a profit. I have done this many times to reduce risk and add new positions in other beaten down sectors. For example had a lot of FCX at 14, sold 15% and used  to build positions elsewhere. But FCX is a non binary stock. The difference is this is ultimate high risk