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CGX Energy Inc CGXEF


Primary Symbol: V.OYL

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Comment by Kelvinon May 28, 2024 2:23pm
64 Views
Post# 36060807

RE:RE:RE:Got 500 at .29 cents

RE:RE:RE:Got 500 at .29 cents Maybe I will but I got spooked after sp went from over $3 after Kawa to where we sre now. There's no floor to the sp. Even with close to near $80 wti and Brent. The only thing I can come up with that might explain an over 90% drop in sp in a little over 2 years is that they have more gas & condensate than oil. Nat gas price is low right now. Back in 2022 it was 4x higher wasn't it? I'll go bsck and check. So does that mean that if nat gas prices go up then oyl sp will as well? Yeah why not buy a few. About the same price as the put options that I'm looking at. Everything is a bet in this casino anyway where the house slways wins and the traders are AI high frequency trading bots. 
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