Top Bullboards post:
“Important note - Jaguar (if a discovery) will be developed in shallow water, not deepwater - which should drastically reduce development costs and timeline for first oil in comparison to Jubilee or Zaedyus. Surely this would have to put us north of $6.2/boe. GMP (another expert) placed a $8.6 price target on Jaguar in the event of a 700mmboe discovery. Let's do the math here and put previous known variables (when this report was published by GMP) to see what type of valuation they put on Jaguar on a $/boe basis - in the event Jaguar is a discovery. So… $8.60 * 343 share out (as this was the un-risked target price GMP issued on December 2011) = $2.95B Market Cap for CGX; $2.95B Market Cap / 175mmboe (175mmboe = 700mmboe * .25) = $16.85/boe.” From OIL_RUN on the CGX Energy (TSX: V.OYL, Stock Forum) board.
Top Bullboard:
CGX Energy (TSX: V.OYL, Stock Forum) received the second-most reads and third-most posts on a day its share price slid more than 38%.
Top blog:
thedave2012 believes this energy junior is a takeover target.