RE:What do you not get Matt?Kelvin
CGX is not XOM.
If you want a dividend, slow growing stock that is very liquid you shouldn't be here. You seem to continue to hope or question why CGX is not what your risk appetite craves but it will never happen.
CGX is a lottery ticket.
No you dufus, the choice to drill was not random, the success rate is. Most wildcats are at the most a 33% success rate and because of the area and Kawa we have a beter than 50% shot.
Yes, I believe CGX needs to hit for most longs to make the money worthy of the risk, the port alone IMO won't hold over $1.
So at just over 50% probability of success, we aren't much better than black or red on the table.
I treat these plays as flyers, lottery tickets that will end in multiples or nothing.
I'm not a trader so where the share price is currently means nothing. When the drill speaks I will either make a nice tidy multiple or sell at ACB or probably a loss. No biggie, because I'm aware of the risk and opportunity before I allocate.
If you have your life savings in this or are counting on it, then you are already in the wrong investment.