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Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > FEC value based on CGX Friday Close
View:
Post by AnMar on Jan 22, 2023 1:12am

FEC value based on CGX Friday Close

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$~10/share

FEC should be at least ($5.36 + $10.00) = C$15.36/share right now.
Comment by waitingstill on Jan 22, 2023 4:08am
Correction! 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 ...more  
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