RE:Once again…lolFrank, How in the heck can you even reliably value fec or cgx these days? My guess is that few are buying because they have no idea about what future value will be. A non-commercial Wei will mean that $160 million USD was spent that is not likely to return much future value. A commercial Wei will mean that future value will be returned but how much?
So, I'm just waiting for official results. Hopefully those results will include testing the well. I love the fact that they're going to TD the well with 12 1/4 inch hole. That gives them many more options to test many zones in an HTHP well if geological results acquired during drilling warrant it.
So I don't expect any solid information on which to base an investment decision on until Q3 or Q4 of this year. Maybe longer. They need to verify their geological modelling and as I understand it, that process could take many months.
In the meantime it's all speculation. So I'm thinking of buying fec options on the Montreal Exchange. Maybe Q4 call options betting on positive results. What do you think?