Mar. 13 at 3:03 PM
$CGXEF In early February, we already saw a similar picture: the stock dropped sharply from 0.37 to 0.17/0.18.
In my opinion, the number of shareholders who are not banks, funds, or insiders is very small, so they can't move the stock up or down. But banks, funds, etc., can easily do it, and each such rise followed by a drop makes every one of you think: "Maybe it's time to sell?" The fatigue from these swings has already worn many people out.
Right now we are waiting for:
The annual reports from both CGX and FEC are supposed to be filed by March 31.
whether there will be a new bid from a new player.
And, in my view, the most interesting thing is Exxon's upcoming application they said "within weeks or a couple of months" regarding the gas-to-energy project, which will show whether our block has any chance of being involved.
Add your own catalysts you're waiting for - it'd be interesting to hear your opinion!
