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.

TSXV:OYL - Post by User

CGX Energy Inc > JUST A THOUGHT.

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Comment by Nergyon Jun 19, 2021 2:32pm

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Post# 33416993

RE:RE:RE:JUST A THOUGHT.

CLOUDER wrote: AND again, FEC owns 80% of CGX, and more soon + 1/3 of there leases and they have the SAME MARKET CAP? I ask again do anyone here see a problem with that?

You are right the valuation of FEC is totally out of touch, and represents what I would consider rediculous value. Other names with the same out of touch valuations are TXP in the gas/oil patch ORV in the Au/Cu patch and NKL when it comes to Nickel. Some times it takes time for reality to play catch up.

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