Caesar
Links
My Opinions
CGXEF
I'm a bear on CGXEF and a bull on FECCF and here is why. They both peaked on 2/1/22. Since then, FECCF is UP about 7%, while CGXEF is DOWN over 50%! Why the huge difference? Because of the financial/business risk associated with CGX. Without funding, and likely further dilution, they cannot continue. FEC, on the other hand, has performed well because of the high likelihood of a commercial find. FEC share price will continue to grow as the discovery is further proven.
88 Energy Ltd
This company is a good example of enormous potential that will remain untapped. The Merlin-2 disappointment is emblematic of this management team's ability (or lack thereof) to become a true production company. Whether is is luck, skill, or a combination of both, 88 Energy seems to always be so close yet never able to reach the finish line.
FECCF
Repeat of what I wrote on FECCF board: I'm a bear on CGXEF and a bull on FECCF and here is why. They both peaked on 2/1/22. Since then, FECCF is UP about 7%, while CGXEF is DOWN over 50%! Why the huge difference? Because of the financial/business risk associated with CGX. Without funding, and likely further dilution, they cannot continue. FEC, on the other hand, has performed well because of the high likelihood of a commercial find. FEC share price will continue to grow as the discovery is further proven.
Reconnaissance Energy Africa Ltd
Great news today about resources estimates. In a nutshell, up to 1 billion bbls of light oil in just a small part of the total lease area. Looking forward to a more comprehensive resource report as promised this quarter. I think share price increase will be driven by institutional investors. Not sure which events, or combination of events, like resource report, uplisting, flow test, etc. it will take to get the institutions to start buying, but once they do look out!
