CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > My Take

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Comment by Mat1791on Dec 11, 2021 12:25pm

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Post# 34221731

RE:RE:RE:RE:RE:RE:My Take

Dirksidetrack wrote: Total Assets = Liabilities + Shareholders Equity. Therefore Shareholders Equity = Total Assets minus Liabilities. Ok not literal you're right. But if oyl goes bsnkrupt then it becomes literal because once assets are sold off and creditors get what they can then shareholders will be down over 303 million. Note that under Canadian law creditors get paid first. Shareholders last, if there's anything left. Think Nortel.

Dirk,

Current share price of a company is very rarely book value ( shareholder's equity / outstanding shares)

Current share price is based on the markets perception of some future value. 99% of shares trade at values based on discounted future anticipated value.

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