CGX Energy Inc V.OYL

Fec shares for cgx shares

[Coloradobuff]

I see this happening at a not great ratio once the price is walked down further.

[Rapsani]

What would be your guess CB?   We are convienently at 1/10 value for FEC..... coincidence or by design !    Let's examine that scenario where we are absorbed by FEC.  On the plus side no more CGX admin costs / board, etc.... and maybe no Suresh(?) or at least in a different position, and money to drill.   And I don't think FEC would drop to zero on a

[Coloradobuff]

I think it's better for them. They will probably give a 20% premium at some agreed upon price of what cgx is trading at.