CGX Energy Inc V.OYL

DeAlba's presentation

[Phantomblogger]

Does anyone know of a link to see the presentation by DeAlba; and Suresh?
TIA

[Devanand1]

There is no link available. DeAlba is not there, only Suresh.

[westcanpride]

Seriously Devanand1, De Alba could not be bothered to show up in Guyana and rub shoulders with the real dealmakers in the oil and gas industry (like D. Woods, CEO of ExxonMobil) and give the two boilerplate PPTs? Wow. Unless it was a deep personal family issue, there is absolutely no excuses why he could not be bothered to show up.  Go look at Calalyst Capital the past couple years... they

[soulfire]

WCP Suresh is just trying to protect his paycheck, a hefty one at that.

[Dirksidetrack]

Westcanpride, I've always highly valued your opinions. So why is oyl now valued where it is by the markets? If you believe in rational market theory where the markets ultimately value companies fairly then this sp is a 10 bagger from what Clouder predicted when he said 30 cents to nowhere and 1/10th of the value assigned by shedrills. I believe more in the range of what the markets settle at

[westcanpride]

Hi Dirk, At this point, it all comes down to money. How will CGX for their share of Kawa-1, the remainder of the port, and upcoming Wei well this fall? They likely need in excess of $200MM USD to cover all their obligations for 2020.  The share price night seems like more of a short-term holding pattern for the eventual news that has to come in the upcoming works. In fact, Frontera also

[Dirksidetrack]

Yup I agree with that. Neither oyl nor fec have the cash to convert resources into revenue. So JV or farm out. But I'm still stuck on this idea of floor price. What would XOM pay for what oyl has right now?

[Devanand1]

I totally agree with your comments. DeAlba missed a wonderful opportunity to spread the CGX story. Suresh did an excellent job.

[yureja]

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