Post by
bullishdude on Oct 05, 2022 9:29am
Probably the worst Investor Relations company out there
They issue a Press Release on debt arrangement, but do not update on when the rig is expected to arrive - their aim use of debt as well the main value driver for investors in this company.
Some folks need to learn that you are running a public company not a personal fiefdom.....
Really pathetic behavior and professionalism.....
Comment by
ranman1 on Oct 06, 2022 7:00am
I agree with what you are saying. The Rig is under contract on the Maersk site effective Oct 22 Problem with the timeline is that they only extended loan until End of November-That is strange.
Comment by
jada13 on Oct 06, 2022 9:01am
Not if it's like the Apache deal
Comment by
Miftee9 on Oct 06, 2022 10:18am
Not strange at all. Why not give yourself some room in case something goes wrong and then they have to announce another extention? I don't see anything strange here.
Comment by
waitingstill on Oct 06, 2022 10:50am
They only did the extension because they don't have final confirmation from TSX and Guyana govt to accept the new terms. Once that occurs then everything will flow through. It has nothing to do with the rig. Also Oct 22 is Oct 2022, not Oct 22, 2022. They give monthly approximations.
Comment by
ljmorin on Oct 06, 2022 9:37pm
Dead on WS, I'm still holding onto allot after many years. I have certanly taken profit but I'm still very much in. lj
Comment by
AnMar on Oct 06, 2022 9:49pm
Love that word "extention" which to me means; 'kick the can down the road'. Will they kick it again? The energy sector has been one of the best sectors since mid covid and continues to be so, too bad CGX hasn't been a part of that. I just can't see a larger reputable E&P firm doing business with CGX - Frontera sure, not CGX.
Comment by
jada13 on Oct 06, 2022 10:22pm
How about a Middle East Country buying them out. Im thinking its pretty likely.