CGX Energy Inc V.OYL

CGX * FEC ?

[stark15]

This was/is an opinion from OilRun, and i agree with it....both CGX and Fec are good investments but i am glad i am in CGX

....CGX will eventually be valued higher then Frontera. CGX's offshore assets represents the crown jewel of Frontera's future valuation. We are not talking about hundreds of millions of dollars. We are talking billions.

The asset base Frontera has in Colombia require consistent intervention, stimulation and work over - just to sustain production. These assets are capital intensive and are usually characterized as having a breakeven around $55/bbl. It will take years for Frontera to get Colombia production back to levels to where they once were. Recall, production is down roughly 40% pre Covid. What is of great interest and value is replicating what Exxon has with Liza. Specifically, highly productive reservoirs, standard well architecture, high quality oil with low breakevens ($25-$30/bbl). Part of that requires a favorable PPL - which really no longer exists in the Guyana-Suriname basin. Oil has been found - the basin has been de-risked. New offshore licenses will be issued by the government of Guyana and Suriname - but, certainly no where similar to those that were issued pre Liza discovery.

How does Frontera get its stock price to $20? I don't think it's possible given their Colombia asset base. The best shot they have to maximizing Frontera value is how they manage their equity investment in CGX. As mentioned in prior posts, de Alba is not looking to settle on selling CGX for a few dollars. They are looking to sell at tens of dollars.

[ljmorin]

Hang onto your chair!!!  Good stuff Starky.

[CLOUDER]

i agree stark,  oil run finally got me  to see the light.

[Dirksidetrack]

You and your Oil Run. Dfly is the only one who talked mud weights. Ya know anything about drilling or geology ya talk mud weights. As the Scottish say - Period. End of conversation.

[ljmorin]

Dirk, Oil Run has forgotten mre than you will ever know. Period End of Conversation!!

[Dirksidetrack]

Ah ha! OK, no sense in me making any more positive comments then. How sbout they're taking so long because they took a massive kick, had to shut in,, got diffetentially stuck, jarred on it to try to get it free but f'd up the top drive and took 2 weeks and 15 million of your dollars to replace it. Now still 3 weeks from maybe pay zone. Ya want me to say that? What's the mud weight

[Dirksidetrack]

Lj short and really fat. Fatter than his horse.

[ljmorin]

Hahahahahaha! You a little sour because yo lost your chair Dirkster. Hahahahahaha!1

[CLOUDER]

yes you are right dirk, but oil run was the number cruncher  extrodinare.   $30  CGX  could be in the cards  poeple.  10  billion   canadian,   why not  we are at  1.2ish  now with no news. hell if palliton  could be a 66 billion U.S.  $  stock  then  i have an oil company to sell you CHEAP