CGX Energy Inc V.OYL

Shakeout

[taal]

That Shakeout yesterday was masterful...even had me concerned...I guess just a Coincidence that Gramercy yesterday picked up $1.8 million worth of Fronterra  shares..I think that Wed shakeout paved the way for us to move forward....Now let's go and crack that $1.85 ....maybe next week ....then its clear sailing from there....Just speculating but I am totally  convinced that they must be in negotiations with someone and not for a JV but for a buyout....

[YancyDerringer]

Taal I agree a buyout is probably their best option. :)YD

[YancyDerringer]

Taal the other option is for both Frontera and CGX to sell to a third party, like Exxon, a percentage of the concession for free carry on future drilling cost and production. Much like occurred on the Canje concession.:)YD

[Coloradobuff]

I sincerely hope you are right. I would like to close the book on this stock, 20+ years for a speculative stock is long enough for me lol. Seeing you and all longs good karma.  if they hit 500 million barrels what's your thoughts on rough share price? 

[ljmorin]

Yes Colorado, Me and the others feel the same way. We are all tired and want to move on. 1300 ft to go after all this time, seems crazy huh. Was chattiing with Stark15 this morning and we really should have been gone many years ago. We know the reasons why we aren't. Anyway I tend to look at it as if we hit 400ft plus of pay on Wie. I would venture to guess 4-6 on the initial run up. GLTA

[Coloradobuff]

So if initial run up is 4-6. Will buy out be say 8-10? Roughly? Just curious? 

[ljmorin]

Sorry Colorado, too many moving parts for me on that one. Maybe someone else could chime in on that.

[YancyDerringer]

Coloradobuff I think it could be as rich as $10.00 US.:)YD

[Coloradobuff]

Would love $10. I would be happy with that and so would my RSP and TFSA