RE:RE:RE:RE:RE:Starkly……I am new to both....but looking at both FEC owns most of CGX plus the hold debt that is convertable into CGX shares that has the potential to dilute other shareholders of CGX.
They are both really interesting oil plays but what has me really interested is the infrastructure the FEC owns, and the Guyanan port that the two companies are building.
All things created equal I would probably buy CGX over FEC but the that FEC convertable bridge loan that FEC lent to CGX is secured by all of CGX's assets. Huge overhang and I think makes it a better option to buy FEC over CGX.
There is risk in both of these plays but the biggest risk I see is shareholders of CGX getting dillueted ownership as a result of FEC's ownership and loans to the company