CGX Energy Inc V.OYL

CGX/FEC...

[JS4900]

I had previously only been in CGX, ...but today I decided to split my holdings between CGX and FEC. It just seemed like the prudent thing to do. GLA. - jmo

[CLOUDER]

dito.

[soulfire]

The upside for CGX will be greater than the upside of Frontera if there is a commercial strike. In the event we don't hit commercial both stocks will drop hard and you may be able to salvage something with Frontera, but then you will have to wait forever to recoup your losses. Personally I don't want to go through this again. I'm hoping for a MASSIVE HIT!!!

[JS4900]

CGX may get more of a rise in the short-term in the success case, but I'm not sure if I agree that the upside will be greater than FEC. Putting FEC's current production aside, not only do they have a large, majority stake of CGX, they also have a direct 1/3rd interest in the concession itself. I think that's something many people overlook when doing valuation comparisons. Basically

[soulfire]

And yet for some insane reason FEC has to bankroll CGX and still allow them to own 67%, Hmmmm.... Let's make a discovery first and then we'll see where we go. Best of luck all

[CLOUDER]

yes soulfire it is kind of  f ed up  eh.   you will do  great man.    you deserve it, like jada 13, and others,  this is your time .  imo.

[AnMar]

You're funny CLOUDER; you're sticking your thumb up everybody's posts aren't you??

[CLOUDER]

heading back down,  darn  fed,    greg is right againg.   man  dow was up  300 and change, now down  400  ish.   WAY to much dept to raise rates,  the fed is   just  f en  with us.  just like greg says.