AvenEx Energy Corp AVNDF

RE: ...Charger needs a miracle

[OT0911]

No doubt CHX has a huge cash flow problem but they also have a pretty good asset base. Charger was super high risk because they didn't have the money to develop their land and were sitting with negative cash flows. The share price reflected that. In my humble opinion, this three way merger is a good deal for charger and the other parties involved in the creation of Spyglass. Avenex and Pace get all of Charger's assets at a pretty good discount and Charger gets the cash it needs to drill - a win, win, win situation.

The Spyglass management team is solid and this three way merger was a good move for all involved...this makes for a stronger single corporation than any of the three corporations could be as seperate entities.