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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Mat1791on Dec 12, 2021 8:58am
186 Views
Post# 34222752

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:My TakeDirk, this was your original post,

"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."

My responses to you were addressing how incorrect these statement are.

As for DFLY's analysis...pure speculation wrapped in senseless banter.

There's no analyzing anything until we have the facts, there's only guessing, and there are others on this board that present their guesses much more credibly...

I have been in and out of this play over the years, sometimes I made, sometimes I didn't.  

My attentions had never been to trade, but rather get in before the potential excitment started.  My timing has been wrong each and everytime, regardless of small trading gains or loses.  

However, where I have been correct is not having my funds tied up, for too long, doing nothing.

Unfortunately, speculation in oil over the years has leaked to weed, tech, crypto, etc. and the new investing generations have been to "green" and less enthused to consider the old school spec allocations.

But, there's nothing greener than money, and making money can change many opinions and self beliefs.

So, I have been re-establishing my position in CGX, in an area that is hot and has a better chance of success than most.  

I'm willing to gamble on CGX's chances, and I feel my timing this time is much better, good or bad.

GL
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