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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > $224 million….
View:
Post by Frank007 on May 16, 2024 6:59pm

$224 million….

That's squat compared to what this tiny company has invested here over 20 years ...I believe they are over 700 milion now ...Frontera did salvage this from bankruptcy ...I wonder how much of that 700 would be a tax pool for an end p investor ....? ....Frontera I think would just like to cash out with a double or triple.....
Comment by Frank007 on May 16, 2024 7:50pm
Another thing to keep in mind after watching the wash trading here....I do hope you guys read my post ...cause here is what is going to happen ...they will eventually run the shares ...up and then down ..up and then down ...they are going to try to get the weak hand to sell thinking it the top ...oh ...I made my money back ........lol ....this is the game ......patience is very very veryimport@nt  ...more  
Comment by westcanpride on May 16, 2024 8:08pm
https://oilnow.gy/featured/frontera-says-it-already-sunk-us400m-into-two-guyana-wells-us40m-on-cgx-port-facility/   Over $440 million USD (~$570 million CAD) FEC has spent in Guyana on Kawa, Wei and port support.  $224 million cad (shares) + $570 million cad (direct costs) = $794 million cad.  Current FEC market cap = $750 million (~85 million shares).  For sure CGX is ...more  
Comment by Frank007 on May 16, 2024 8:42pm
If that all they get it would work out to just over one $ per derisked barrel in place ..that's about one fifth of what it should and will go for ...Total stole the offshore Namibia from Sintana for $2.09 .....that's the lowest farm in in history ...must be a reason ...but this location is going to go for I would say $4 for a farm out and $5 to $6 for a farm in ........
Comment by Harel1976 on May 17, 2024 11:11am
You wrote here you made a steal at 0.5 taking advantage of manipulators to take cheap shares, then again at 0.45 then again at 0.4, then again at 0.35, you now have a chance to realy fack the system and take more shares sub 0.3...
Comment by Coloradobuff on May 17, 2024 6:14pm
Yep lol 
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