CGX Energy Inc V.OYL

Just a thought?

[tiger77]

Open for dialog or comments but.... If you were going to buy a company and that company had 50 mil shares let's say, and you knew you were going to offer $8 / share let's say. Wouldn't it be worth while for you to buy up as many shares as you could along the incline shaking the olive tree so to speak along the way to see who will sell which would only go to saving the buying company the difference from what they paid for your stock vs what they will be offering for the company? If they bought your shares for $2.50 but will be offering $8 in my scenario that would save them $5.50 / share x millions of shares in the past 2 week no? Wouldn't that be a solid busienss move? Thoughts?

[zerbo]

So you think a possible Buyout is on the way ? By someone who is desperate to take a piece of Guyana oil fields ?

[Coloradobuff]

Yes in theory.  a couple points. 1.CGX was thinly traded so continuing to buy as much as possible could create a much higher price. Than your 8$ buyout could become 12$. 2. aren't there rules that you aren't allowed to own more than 10% of a companies total shares? 

[tiger77]

So the answer is you're probably right but my thought is if you buy up to 9.9% and don't need to disclose that you are a major holder the cost savings of buying up along the way is millions and millions of dollars. Perhaps they don't do that at all, it was just a thought I had. Zerbo, not sure at all just trying to think of possible scenarios that would cause the SP to rise controlled

[Coloradobuff]

I would agree if you think there is oil buy out the company now or will be paying a lot more later 

[Coloradobuff]

P.s. I wonder if the hedge funds are shorting frontera so they can buy them out? 

[rockman998]

CGX isn't a buyout candidate on the open market. Anyone who wants CGX has to deal with FEC because they are the majority owner.

[Coloradobuff]

Sorry i meant drive down frontera price to buy out frontera