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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 SheDrillson Nov 02, 2021 8:27pm
164 Views
Post# 34080047

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kawa Well

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kawa WellIMO SP is dropping because this is a thinly traded stock with no institutional support.  Likely many people are getting exhausted and panicky the closer the well gets to landing.  Maraj trade really creeped a bunch of people out.  New people likely bought the dip and when the stock didn't immediately rebound to the rights price they said F'it and moved along.  Doesn't take much F'it to pull down a thinly traded stock.  Then we saw a large order execute this afternoon...was that a panic seller or just someone's stop loss trigger getting activated?  That we don't know.  What we do know is the location of well, the success rates of wells in the area and the average size of discoveries...those factors are why I'm in the stock.  I'm not going to let irrational stock behavior in a thinly traded stock shake me from my convictions when I'm also confident that there is no way we have drilled into the primary target yet. The catalyst is ahead of the bit.
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