CGX Energy Inc V.OYL

Valuation

[taal]

Fronterra told us before Kawa that and confirmed today that the Absolute minimum Cgx is worth would be app $475 million....and believe me they are in at the ground floor...So here we sit with a market cap of just over $300 million.. Do u think we are undervalued...You bet we are..Stock price will recover after this initial shock wears off...And if we get a decent buyout Everyone will forget about this Raping and class action lawsuits...Unfortunately  happens All the time to minority  retail shareholders...I've call Fronterra  Gangsters before ....nothing has changed...

[Gtboy]

I hope you are right buddy. Lets see where the sp ends up today. I really hope that the small five or six of us shareholders with large holdings for years are not just being greedy and telling ourselves with each bad news that its going to get better and end up losing everything. We are so much die hard cgx that it goes against the theory of good investing on the market, that is, sell when its up

[SportyJ]

Taal & others, correct me if I'm wrong here.  Both companies just agreed the value of N Corentyne is worth $351m. Now that's disappointing in an of itself. But $351 x cgx 32% wi / 335m cgx shares outstanding = .34 per cgx share. Gave us $16.5m for 4.7%. So new cgx value per share after this "transaction" = .29 per cgx share.  Am I thinking about this right? If

[westcanpride]

Yup, the math looks correct to me Sporty... CGX shares are so screwed based on the valuation given yesterday. Why the hell would any investor pay >$1CAD/share when in essence the company just said it's willing to give away a decent chunk of WI for a swan song? And the hope this management team will get a fair deal/god forbid a premium for the remaining 27% WI... good luck.  That