Post by
Frank007 on Mar 28, 2023 6:29pm
New math …..
I am pretty sure there already is a discovery. .....just by the way the shares are trading ....evaluation of reservoir volume takes time ....10 for 1 ..is about right for share price today ...it will take several years before a single $ is made from this sight ....where do you think cgx will get $ to make it through that time frame ...frontera on the other hand ..capital costs will go to ne'er zero .. cash flow will just keep rolling along ...I estimate frontera can buy back the Swiss debt. @ $ .90 on the dollar ..as was stated in the Bogot meeting that alone nets the company 16%. I think Frontera should move closer to its book value of $25. Cgx should trade around where it is maybe up to 2. ...hoping for more but still think the big boys Goldman and. Morgan Stanley invest in cash flow company's
Comment by
fishfanactic on Mar 30, 2023 9:25am
I own some of this but the performance is pretty pathetic since the pre drill hype. Where are all the rah rah boys now???
Comment by
a2bman on Mar 30, 2023 10:33am
New math? First of all the debt has already been bought by UBS, second even if the could pay it off where would they get the funds? What they have isnt enough and borrowing costs would be higher now. And I don't see how .90 on the dollar equates to 16%, please explain.