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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 westcanprideon Jun 04, 2024 8:53am
167 Views
Post# 36070752

RE:Trading

RE:Trading

We need news. Something meaningful from management. Going back in history (most 2016 & 2017), it's clear the money managers have no problem keeping CGX in a very tight range if they want to do so. 

Since that horrid NR in mid-Nov, CGX has been range bound like you said. I just hope like hell we don't get misleading/bad news regarding a lease extension on Corentyne in the coming weeks, otherwise we are heading down even more. 


 

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