RE:Westcanpride Wow Taal, all your complaining there. I explicitly mentioned the 10:1 split. Everyone knows about how Frontera (well trading insiders) suppressed the share price for that $1.63 share loan.
End of day, CGX has given Frontera all these shares for very little. And like idiots, CGX has allowed Frontera to never pay more money than what is absolutely necessary at the time. That was the main gist of my post... always enough cash to keep current activity alive but nothing more. True loan shark activity... even more recently, when CGX actually had some leverage (like new 3D seismic and a government willing to protect them).
hell, I remember complaining a couple years ago how utterly stupid it was for management to not secure enough money to drill two wells (before Kawa was even spudded). So many ppl on this board said it was a genius move... "they know what's in the ground"... "make them pay"... yeah, CGX sure made Frontera pay last week on that recent WI/cash transaction.
CGX energy for all purposes is a joke company now. Frontera owns the overwhelming majority now of everything. I'm actually shocked regulators allown this dog and pony show to continue.