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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

Post by waitingstillon Feb 21, 2021 10:21pm
379 Views
Post# 32623636

Short position

Short positionAnyone knowledgeable about shorts. Short position went from 7k to 20k as of Jan 21 to Feb 5. 20k is a tiny amount but if you look back at the past week of trading on otc, the short trades make up 50-75 percent of the trades. I can not figure that one out. Why are they trading up so much? It would be good for Frontera or CC to step in and do a shot squeeze.
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