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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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 Jan 14, 2021 11:50am
170 Views
Post# 32294482

RE:RE:Re share price

RE:RE:Re share priceMiftee9,
If you follow the price over the past couple years, everytime the share price wants to go up, massive blocks of shares are sold way below asking price. Very deliberate attempt by 'insiders' to keep the price in check. Hell, I have seen days where 50-100k shares are purchased and then all it takes is 500 or 1000 shares sold minutes thereafter to bring it back down 2 or 3 cents. Frsutrating to see and I am sure for many people looking at buying in, hard to digest. Like seriously... that's a joke and clear attempt to keep the price from runnning up. The example the other day of simultaneous shares bought at .55 (over 55,000) and then sold at .52 at the EXACT same time near closing bell is clear manipulation. In fact, RBC is the clearest example of this. Everytime shares are sold at a 3-4 cent discount, its almost always them selling. Look today at stockwatch... they are doing it again as we speak. 

Why.... after following CGX for years, I have no idea. News gets released so rarely... perhaps they wish to keep CGX hidden from external eyes and want little attention on the company. It really is Frontera's show now anyway... CGX is just a by-stander at this point. 

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