CGX Energy Inc V.OYL

Prediction

[YancyDerringer]

I think Frontera is going to buy us out with a share swap. Probably 1 frontera share for 4 to 5 shares of CGX. It won't be rich but borderline cheap! This way they take possession of the whole concession and take it from there. :)YD

[firo1988gt]

Let's assume you are correct.  What would be the price of Frontera shares the following week after the buyout.  Would their stock price drop after adding that many CGX shares. I do not understand the pro or con of this kind of deal.  FIERO GLTA 

[RightAngle45]

IMO that would be giving it to us in both ears. I hope they cant shaft us like that, after holding shares in this company for the last ten years.

[ljmorin]

If this was going to happen it would have already. Still to many ties to the Government for this.

[mark92]

1 for 1 ok... Maybe 2 for 1.. Just a share exchange & FEC already owns 70 % of CGX.

[jada13]

You hit it dead on with that one .The Goverment has many ties with CGX.

[westcanpride]

Your probably not wrong YD.  Frontera is currently trading @ $6.63 CAD ($644M Market Cap) CGX is currently trading @ $0.85 CAD ($244M Market Cap) A 4 or 5 CGX to 1 Frontera ratio would get us up to $1.36-1.65 (or 60-95% premium). At this point, I would take it.  Let's also remember, one bad hole result or god forbid drilling problems/abandoned hole, and we plummet down to .20

[Rapsani]

Can't see it happening.. not becasue FEC wouldn't like to. On the premise that about 90,000,000 million CGX shares (the float) are converted say 5 to to 1, that would mean about 18,000,000 new FEC shares out there, and how many of those will keep those shares until we drill?   I would think quite a few would get out while modestly ahead and all those shared flooding the market