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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 Mannyman99on Nov 06, 2021 11:54am
160 Views
Post# 34095772

RE:oil or no oil

RE:oil or no oilYou must be extreamly short on this stock or are wanting to buy more cheap lol I respectfully accept your opinion but you must have little to none knowledge with what's going on around the world let alone the company. Firstly, they wouldn't be able to talk about the well results until they have concrete results and obviously they wouldn't want to take a chance with any sort of leak for external parties looking to buy in. Secondly, what story has changed, these are all outlooks we as shareholders have about for some time now, the port is going to generate a bunch of cash in a world where ports are backed up and oil is in high demand and even going higher! Of course they would want to mention such as it looks very prospective for a company that hasn't reported any profits in how long? And mind you we ran up to $2.70 on NO news... I understand the low volume is frustrating but i think it's controlled as they're discussing possible deals with other oil majors. IF a buyout is in tact they have to make sure the SP doesn't run up to levels where it'd be harder to negotiate a buyout. I can keep going on and on but I personally and humbly think this is the best oil play in the basin as we speak. I'm gonna end it off with that. Respectfully GLTA. 
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