CGX Energy Inc V.OYL

To the Haters

[TickerStock101]

Lots of flack for CGX and FEC for their delayed wei 1 well results. They did say 2-3 months for results so I would just cultivate patience, once we pass the 3 month mark then you can criticize. Probably healthier for your guys hearts too

[SheDrills]

Both Frontera and CGX Energy deserve all the hard feelings. They haven't been transparent and kept shareholders in the loop.  They could have commented further based on real-time and wireline results.  CGX especially has made a joke of itself by not even live brodcasting or recording their AGM.  Suresh is scared of shareholders and will only talk when he can control the

[a2bman]

SD don't forget they trampled all over minority shareholders rights by giving the stock to FEC.  I'm willing to bet their waiving of those rights doesn't hold up in court. We need Frank to begin a class action

[SheDrills]

IMO the reason they didn't give the market more information was to facilitate the last transaction at the pre-drill rate. De Alba played Suresh...that's why he was made CEO in the first place. Suresh is over-educated but poor in business & street sense.

[SheDrills]

Zero point talking about lawsuits until a 3rd party buys in and establishes the fair market rate.  In the meantime it's all speculation.

[jtdd]

I think DeAlba left himself a loophole by putting "up to 4.7%" in the agreement, covering his as s. Even though he sat out of the negotiations for that deal because of supposed conflict of interest, we all know he sent his CFO into the meeting with that number.

[a2bman]

The fair market value have been decided when they did the financings, thats kind of my point.

[Mbxwatcher]

  Come on lets be real, we have absolutely no idea what the fair market value on this is. With a horrible lab result it is close to zero.....We have a boat dock, and no money to finish it. With great results it is likely a multiple of where we are at right now. Nobody can convince me that the last financing was done at fair market value. It was a big bully beating up a little kid

[TickerStock101]

Isn't it a no brainer for more cgx shareholders to move to frontera. You have the greater multiple if the results are really good as they also own almost all CGX but the downside is limited as they have oil production and are undervalued. Much lower risk with a higher or equal reward

[a2bman]

Its been factored into both SP's risk/reward