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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 Mat1791on Dec 11, 2021 11:57am
135 Views
Post# 34221689

RE:RE:RE:RE:My Take

RE:RE:RE:RE:My Take
Dirksidetrack wrote: Well good morning to you as well MM. I'm just trying to figure out how this company has a 303 million dollar deficit in shareholder equity as reported on their financial statements and MD&As. That means some people actually lost a cumulative 303 million so far out of their pockets.

 

The only people on this board who have stated that they have lost are Dfly and Clouder. So to me they are credible. All the rest are geniuses who claim that they've made money and have averaged down. Somebody has lost a pile of money though. You seem pretty bitter judging by your past posts. Well MM it might have something to do with other MMs like market makers in what SheDrills calls "the dark pools". I'll stick with Cloudy and Dfly. At least they seem to have an inkling into what's happening in the dark pools.



You need to keep reading...

Your grasp of "shareholder's equity" is incorrect.  Hint, it's not literal.
 

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