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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 Dirksidetrackon Oct 20, 2021 10:54am
159 Views
Post# 34026811

RE:CATCH A FALLING

RE:CATCH A FALLINGIf you go back to Dragonfly's posts yesterday he said that they put in a stop at $1which I assume is a buy wall so that any asks less than $1 or less would get settled at $1 preventing the sp to fall below $1. The sp, this morning fell to $1 then started moving up. If there's a buy wall there then the only way to bust it down is to overwhelm it with sell orders. If the people who built the wall have lots of shares to sell at $1 then busting down the wall might be hard to do.

Dragonfly also said that news would be forthcoming soon. Today news is forthcoming. Now Dragonfly has gone to the lagoon and has no internet service. Now what inferences can we draw from the above? Anyway Clouder you are correct in the sense that there's no telling what may happen.

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