CGX Energy Inc V.OYL

Market Caps

[Phantomblogger]

Market Cap of CGX =    270 M
Market Cap of FEC = 1,030 M
FEC is now 3.8 times CGX
This reversal is amazing!
Has FEC discovered some new oil wells in Peru, Columbia?

[Harel1976]

cgx has another last chance to find oil before it goes bust at wei-1, its a 50:50 chance, if it goes well it will save cgx, if not you will get your answer and maby understand how overvalued cgx is at the moment..

[Phantomblogger]

Basher. it's FEC which is overvalued! FEC has nothing going for it, but some measly oil in Columbia, et al! The only thing FEC can crow about is CGX! CGX has been plundered by FEC (Taal has better superlatives). Thanks to the likes of Suresh and others who have been sitting there, collecting fat salaries and other perks! CGX has been sitting on TONS OF OIL. It has been starved and screwed by

[Harel1976]

Jhi has 17.5% of canje which is much bigger then the tiny north corentyne and much more atractive, basin floor, basin source kitchen,  operated by the worlds two best explorers,  on the verge of a 12 wells campaign,  jhi has no debt and 20m cad and obviously is much more attractive then cgx and more valuable. Just a few months ago jhi merged to eco for 70m cad,  the deal was

[Phantomblogger]

There are merits in your post, thanks! The CEO of EcoAtlantic, which you mentioned, is actively selling his company, even though they have expensively bought their way into the licence of others, such as JHI; As compared to our do-nothing management who have been sitting on their hands since 2015 Liza discovery; and who continue to collect millions in salaries, and free shares. None of them have

[Harel1976]

Cgx has the lowest float and most of it is taken by long term investors who holds it till the end,  thats why the sp is so high,  i realy hope it will pay off in the end but if wei-1 fails its 0.2$

[Harel1976]

And if you mentioned eco,  eco got 15% of orinduik,  an interest in canje,  acreage in namibia that is very hot right now that is larger then all the guyana offshore blocks all together with a 10 years extension,  a stabroek look alike in SA on trend with venus and graff with 7 majors competing to farm in atm and a well to spud in a shallow block which is atleast as promising