RE:Is there a disconnect between FEC and OYLliquorwolf wrote: FEC owns approximately 80% of OYL, or $672mm, reflecting 67% of their market cap. If you crunch the numbers $840mm value of OYL or 20% equates to $4,2 billion. FEC has a market cap of $1billion. So just subtracting the $672mm from $1 billion you get $328mm for a company with a cash flow of $300mm producing 40,000 bpoe a day. FEC is loaded with cash as reflected in their two bolt on acquisions.. Total debt of only $400mm.
Please give your take on this analysis which will be gladly accepted. Not trying to diss anyone here nor advise anyone to buy or sell.
Liqour W.-What are your and others thoughts on the disconnect today? I don't think some CGX stakeholders realize that FEC is calling all of the shots, owns almost 80% of CGX and also a thrid of the offshore concessions. And this is before they get paid back for the huge cost overrun of the Kawa well. FEC constantly refers to CGX as a subsidiary and even has it in their Organizational chart as such.