CGX Energy Inc V.OYL

Interesting thought on Exxon Takeout

[oilinvestor2022]

This just a guess.  If Exxon wanted to control Guyana offshore then all they need is CGX.  A interesting option would be to create a spinco and give a new share to each holder.  The newco would be all onshore assets and the port.

1) Exxon doesn't want to Manage a port.
2)Exxon doesn't want to be the tyrant that the people of Guyana may perceive this move to be in swallowing CGX entirely.
3)CGX is perceived as a local company and good for public relations.
4)Exxon wants to write the cheques and not deal with hurt feelings and lawyers etc.

just a thought!!!  Good luck to all and do your own due dilegence.

oil investor

[CLOUDER]

THIS is why CGX  will be a  SUBSIDIARY OF  EXXON.  and FEC  gets  money and 1/3  of 2 leases, and lots of money,  oh  did i say this?

[Investnowplease]

Its certainly not a given that Exxon will get or it will even want it, if its even available. There are many companies that would want a piece of this. It will be a bidding war if that happens, with the added complexity of the Guyana  government being involved, from what people have wrote. You can bet the Chevrons, BPs, Shells of the world are interested. To them even Frontera is chump change

[CLOUDER]

hey how do yu know that this BIDDING WAR hasn`t been going on for a while?  

[Investnowplease]

Didnt say i knew anything about a bidding war. If they arent exploring numerous offers they are not doing due diligence, which is inexcusable. That is if they are even exploring that option.  i will say this though and have said it before. I really dont see another option in the event of a major discovery. Perhaps they could slso retain a GOR. The ultimate gift that keeps on giving.