CGX Energy Inc V.OYL

When is CGX going to be swallowed?

[AnMar]

How would you all feel about this:

FEC offers to take all of the remaining outstanding shares that it doesn't currently own(your shares):

using 30 day average close x 30% premium ~$1.40 CDN/share = ~5 OYL/CGX for 1 FEC - that day is coming and it is their MO

[Ermosp]

The main argument against this is that important guyanese govt people own cgx, so they'd have to cut several side deals not to screw them over.

[Rapsani]

Welll my 22 years of dreams won't come true but as my first stock mentor told me "you never lose from a profit", If there is a takeover, it would be in FEC shares.. they have been buying them back.  However, can't see how this would work because it is CGX with the $200 mill (+ more after this well) of "credits" with the government ... I bet gov't would say no