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 tiger77on Mar 30, 2020 9:55am

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Post# 30859489

RE:Back down to .25 cents/share

So as much as I agree with your statements it gets a little old to be just saying this stuff about CGX in these times. Show me 1 stock that isn't taking a beating right now in any field let alone oil. Pick any and are all at 52 week lows including the masive ones like Exxon, Chevron etc. While I am not going to defend management I will also say that there are things that are 100% out of their control like Covid-19 and the economic downturn the world is facing. My only hope is that we can weather the storm and have doors that open on the other side as that is a real concern....not just for CGX!

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