CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc

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Comment by catkinon May 04, 2012 9:51am

245 Views

Post# 19870855

RE: RE: RE: RE: RE: RE: BID / ASK 1.31

The market is dictated by the seller, however it is the buyer that puts in an offer at "market" value that also has an effect.

He will buy at the lowest selling price and he doesn't know at what price until he buys.

He does this to make sure that his buys whatever he bids.

He does it this way because he thinks that the prices will skyrocket and he does not want to miss the boat as he gets a guaranteed buy. In a lot of cases the price will drop slightly after the martet buyers have all bought.

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This junior mining stock offers billions in market exposure