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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 dragonfly454on Dec 09, 2021 1:46pm
176 Views
Post# 34215345

RE:RE:RE:watch the Cad $1.00 Wall

RE:RE:RE:watch the Cad $1.00 WallSorry about the blank post below..at this time the sentiment is very low... Management is giving no support to stabilize by giving an operational update.. unless they figure that an operational update of a grim situation in terms of current drilling (not results) would probably do more harm than good in the interim so they rather resolve any issue first.as to share price the longs are in hold mode and some players are roiling the market with 350000 shares probably hoping to worsen sentiments and breach the CAD $1.00 stop losses in my opinion I'm seeing manipulation and accumulation but nothing too grand ...the share price is being subject to downward pressure as demand falters and a few longs panic sell but of all shares traded so far it seems that there is deliberate accumulation based on some information and not a sell of based on poor results in Campanian
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