20% Even if a individual was super bearish on CGX, the likelihood that CGX at least got back up to .40 CAD is very good.... and that's a 20% gain from current .33 CAD levels.
Funny how the market does work.
"Greedy only when others are fearful".
Very clear most individual investors are super cautious/angry/etc with CGX. I get it 1 million %. With that, I'll continue to be very greedy here and keep picking up very nice chunks of chairs, as I have over the past 2.5 months. If these market manipulators want to keep playing games, I'll take advantage where I can.
Chevron and Exxon (two biggest U.S. giants) are potentially going to fight over Hess WI in Staborek. Much of this, no doubt, is over undeveloped fields and the growth potential going forward. Companies are always looking for cheap unproduced fields to add into their portfolio. Lone behold, massive development potential in northern Corentyne with adjacent fields in SE Staborek exists. Remember the boundaries were drawn long before anything was discovered.
Houilian Lokey has competent leadership and staff, thank God, based on their track record of actual deal making. A move back to .40 CAD is almost a guarantee at some point and my feeling is much higher. Hell, FEC has a cost average on CGX shares at .85 CAD.
Time will tell I guess.