Hi PIO.... great to see u are back. Companies affected by OPES included ANG and RCR. I follow both companies and own RCR. OPES owned an incredible 40+% of ANG at the broker's collapse. Both have recovered strongly so expect CXG to follow suit. I have (thanks to your analysis) averaged into CXG at 1.095. SP is still 'cum-div' of 5c. Have a gander at RCR. FY08 EPS of 14.3c. Makes for PE of 7 at SP of 1.00. FY09 div of 8.5c estimated. Bad luck played big part in massive oversale of RCR due to major project being delayed. RCR like CXG are in the right industry. Infrastructure with bias towards petroleum industry esp LNG. WOR often sling work towards RCR esp in big projects.The mkt will recognise the bargain price of CXG. Was hoping for more action today. Am bullish re oil. World is a tinderbox.
CXG Price at posting:
90.2¢ Sentiment: Buy Disclosure: Held
