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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 BlackGoldRefineon Nov 12, 2021 4:12pm
146 Views
Post# 34121527

RE:RE:RE:Crunch time upcoming soon

RE:RE:RE:Crunch time upcoming soonI still don't get the mindset.  They are raising money to fund operations, perfectly normal and done routinely at this point.  What would you have them do, go bankrupt as long as the SP doesn't drop?  This isn't a company in production and I feel like peoples SP expectations are not in line with where they are.  This was always going to be highly volatile, nearly all or nothing play at this point; these movements are noise to the end goal.  I honestly don't think the company is purposely trying to screw us and I would rather they make sure they have what they need to take this over the finish line then hesitate because retails are mad the SP dropped 0.50-0.60 temporarily.  They have shares, they want a high SP too. If people hate management and feel they are crooked, move on?  I would not feel comfortable investing with a company I felt like that about.  You must still be thinking the SP will take off or you wouldn't be here.  Anyway, I don't want to taint the board or cause ill will with negativity but it just surprises me how people talk on here.  Rant away, but hoping maybe you'll see some reason in this. GLTA
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