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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 Dec 09, 2021 6:44pm
216 Views
Post# 34216589

RE:TRIPLE BOTTOM

RE:TRIPLE BOTTOMCMA Markets say that when volumes are high and bid-ask spread is tight then there's lots of "liquidity" in the markets and good for both buyers and sellers. Those who want to get out can easily do so and those who want to buy in can easily do so. Bid-ask for most of today was about 1 penny. So many longs must of cashed in some of their positions. But definite resistence at about $1 Canadian. Those accumulating are finding that out. Longs start buying in again. But as you and Dfly point out that this bid below ask only means that those accumulating antucipate a positive result and the resistence at $1 indicates the same. So taking what you and Dfly have said in context with what I've read this might be the end of the dust up. Most would have consolidated by now to get into position for the NR.
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