RE: Excellent buying op on another Guyana oil drill just materialised20 Oct 2021 17:06
I agree on the relative upside and downside of FEC and CGX Harel. I thought I'd missed my chance completely to gain exposure to Kawa-1 and I've been hoping for an entry point for some time. I've gone for CGX simply because it now has a much lower market cap relative to its share of the drill compared with FEC so it gives me a much bigger bang for my modest position.
The drill certainly looks very interesting with the same intervals as several discoveries just north on Stabroek and to the East on Block 58 in Suriname. Nothing's guaranteed, but I think it has a great chance. Hopefully we get a double strike at Kawa and Sapote. ATB