RE:wallLet RJ work their wall, seems they're short too, nearly the same playbook each day. Keep the wall, run your short, then the bell rings for close of business....rinse and repeat.
Someone said it before, when we have zero demand, the price is pretty easy to move around on the venture. Much more risk, much harder to do with FEC.
I'm as worried as the next guy that we end up with nothing, but if you think about it, why would someone buy CGX instead of FEC? Not bashing because I"m also bag holding. but unless it's a trade with perceived value and sustained buying, CGX likely won't move until/if a buyout happens. The good news, the basin is hot and super popular. Perhaps the extra large scope on lab results/reservoir dynamics plays in our favor with the close of Chevron/Hess deal or license negotiations, etc. Security Assistance deals with the US are another positive. Surely Durkee/Lacy are going to get paid for what they're doing, they could have been working anywhere.
BTW, agreeing with everyone else about Suresh being the useful idiot. He's been the useful idiot since 2013, since participating in the Pacific Rubiales PP, that was his entry into being bought and selling out shareholders. Oddly enough, Dennis Mills was also part of that transaction, ultimately and not being independent, now part of CGX's audit committee and "special committee". Well played Mr. De Alba.
OIL_RUN, any speculation?
All IMO