RE:CGX Stock PriceGet real, no buyout is coming any time soon, perhaps a new partner, but that is it. Large companies do not buy a "pig in a poke", never have, never will.
Check my past posts, when rights were issued, I said to sell as the shares were going to go down to the issue price of 25 cents. At 25 cents I bought as much as I could afford. I have now sold all of those shares. Perhaps you get lucky and the share pop due to some nearby discovery, but the fact is there will be no drilling until next year and any past drilling on the two properties was unsuccessful, so the two properties are completely unproven. I will be buying back in at some point, but not likely in 2019, more likely in 2020 when drilling is looking certain and imminent, given the OYL track record, drilling never seems to be a sure thing. It was 40 cents before the run due to EOG drilling and I full expect it to retest the 40 cent area in the coming months. AS always, I could be wrong, but investing is a game of odds and the odds are i am going to be right. PS, I have been buying FO because it is about to start drilling and should run just like OYL ran.