CGX Energy Inc V.OYL

Vergatario

[Dirksidetrack]

Vergatario in Venezuelan slang is an expert. We've got lots of them on this board but none can explain why sp is dropping. For those who's theory predicts that sp will increase I'd like to see how their theory predicted this decline.

[Beaner1814]

Dirksidetrack, whatever language explains it best, the factors that can most reasonably be attributed to the current downtrend have been previously expressed. To highlight a few: 1. The Rights Offering being listed below the market rate at the time and incetivising FEC primarily; 2. The offselling by a key stakeholder and insider, ie CGX's CFO following the RO; and 3. Present investor

[SheDrills]

If Kawa is a huge success you're going to see it on Business Week and Bloomberg...both publications already listed Frontera as a top 10 stock to watch in Q4 based on this catalyst and CGXEF rides those headlines as the operator.  One stock shouldn't boom without the other, it would be seen as an arbitrage opportunity. De Alba already stuck Frontera's neck out just by adding to

[SheDrills]

IMO they should have let someone else put a toe in for a 5% stake then let them upsize at a pre-determined price upon well results...potentially a sliding scale based on resource potential. This is the type of deal I use to model for Chevron...but I don't have a clue who's running the show on deals w/in these companies. I haven't seen any clear recent hirers who specialize in BD or M

[Ermosp]

I have not seen anyone discuss this, but it seems to me quite possible that Frontera funded because they couldn't find a JV partner due to some non-public indicator in their data. Or perhaps not at any reasonable deal.  Exxon is drilling out in no man's land in Canje where there have been no hits with a JV model so why wouldn't they do a farm in here if it's even

[SheDrills]

Only senior managers at CGXEF and Frontera knows for certain....but based on the lease activity next door in Suriname and the fact that operators cycled back to make off market bids for blocks that weren't awarded coupled with block 58 being the best farmdown deal in a decade...I find it really hard to believe that CGXEF didn't have the opportunity to farmdown at better terms than what

[Ermosp]

Why would Frontera hold back a deal though? Perhaps they are optimistic and want to strike a better one post kawa or maybe they just can't get anything or anything reasonable now. My line of thought is that Frontera did a rights issue. If they wanted all the shares for themselves, why not do a loan, which is what they did earlier this year? There was no provision against that again. It seems

[dragonfly454]

If PHEC had wanted to "offload" a portion to regular Joe share price might have been at $2.63 pre maturity and there may not have be a Tralgate scenario ...so

[soulfire]

De Alba basically left Suresh and Tralisa in charge, that should say a lot. My honest belief is Suresh is also working in Frontera's interest to protect his paycheck. I believe back in 2012 Suresh was addressing investors when he told them that CGX was a billion dollar company??? Go figure (was he referring to CGX or Frontera). That shows where his loyalties lie. With all that said I truly

[waitingstill]

Most likely the SP is dropping as JDC blows out their remaining shares through RBC. RBC has been selling heavy since Feb. JDC got their 14.5 million (actually a couple million more I believe but they sold some a while back) shares at 44c. They went through receivership and may still be in it. RBC started selling heavy in Feb. Since then RBC has sold more than 18mil shares and I believe they are at

[jada13]

Thanks waitingstill I feel the same way with JDC they have no choice but to sell and pay the bills. Lots of people will scoff but when any nature of news that's positive comes this stock will go Boooooooom .lol nothing like some boom boom.glta.

[Beaner1814]

Have always been a fan of your insight Waitingstill. As JDC's last news release was the end of September regarding its reorganisation efforts and commitment to pay back creditors, I can only imagine the Trustees are liquidating what they can, including JDC's stake in CGX. The speculation re RBC makes sense that it would be a single shareholder, just unfortunate, if it is JDC, that it comes

[waitingstill]

Great find Beaner1814. RBC at it again today. Already net negative 320,000 shares. Man I hope they are done soon. Yeesh.