CGX Energy Inc V.OYL

This is funny …

[Frank007]

The the perent company who has 93% of the position in corentyne.....and pays th bills ..down 1% ...the    Spec play ....7% of the corentynen.   No cash no income .. up 4% ...go figure ...such is the stock market ..lol.  Good thing I have both usually I would switch ...no today ...glta

[BoykJurko11]

Frank, What's not so funny is that oyl is showing over $300 million in deficit in shareholder equity. Shareholders have over $300 million in unrealized losses. Well, those who have sold have realized their losses. But we got these geniuses sayin that they averaged down. Yeah right. If they were so smart they would have waited 20 years until now to buy in. Now is the time. 

[Frank007]

Good point ...I have never looked at the tax pool losses that are embedded in cgx .....several Canadian companies are promoted that way ...just look at  ath ...Hugh losses    Stock up 600% since last year

[BoykJurko11]

Frank, Canacol up over 300% yesterday. Canada-Colombia oil company. Why? Stock consolidation 5 shares to one to avoid being delisted on the TSX. I don't care much about sp increase based on BS. Do they have working capital? Is net income per share solid? Cgx got no net income. But are they likely to make some net income? That's at the root of this. I say yes. Canacol? They got insurgients

[Mat1791]

Your thought process is misguided, or your intentions are to misguide? Yes FEC and CGX are inter-woven, however from a valuation point of view, they are separate entities. CGX owns 32% of corentyne and whatever is found, then 32% of it's worth will be attributed directly to CGX shareholders. FEC just happens to be another shareholder like you and me, all shares worth the same, not 7%, 32%.