Aug. 29 at 3:58 AM
$FECCF $CGXEF
This was posted on Stocktwits!! What do you think?? Sounds reasonable
“Okay I have been asking myself why did CGX energy get rid of De Alba....? Why Suresh too? ...and all at the same time.... I think I have the answer.... Suresh has been with the company a lot time, why knock him out now? Why also decide to right down CGX for a tax loss...
This is what I think happened, Suresh is gone and De alba is gone because they no longer need to be there. ... Why? IMO Ecopetrol bought CGX and was like hey we want guys running the show that will keep it going when we get control... so get new management in there that we approve of... so they put in Orlando and Rene as they will continue running Frontera once it's sold, and in my opinion Frontera will also go to ECO.