CGX Energy Inc V.OYL

Trading pattern

[westcanpride]

Looks like last March-Early June 2021.... flat as a rock and incredibly low daily volume. 

Guess if one is bullish on management pulling out a miracle (JV) and suprises to the upside for once/believes Frontera will convert the loan in July at $3.10 CAD, these price levels are a big gift and one should be loading up big time.

[Coloradobuff]

Why isn't there a JV or a buyout already?  They are going to wait until Wei1 is drilled? I don't get it? 

[waitingstill]

Because these things take time and the data is barely in if it is even all in yet. What do you expect? Companies to make $100s of millions deals based on partial info? Patience.

[Coloradobuff]

Thanks for commenting. When do they anticipate full info? I guess I am confused. But yeah agree they can't make a decision until this happens. 

[tiger77]

FEC responded to another poster's email and said later this month.  Best guess is that they will show & tell, shop their data.  Negotiate with 1 or more companies and when a potential deal is struck that will need to be approved by a board of directors at that company to spend that much money on a JV and only then will be hear something tangable.   While I do hope

[Coloradobuff]

So it sounds like chill until summer and then come back to board and see what happened