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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 12, 2021 9:42am
164 Views
Post# 34222809

RE: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:RE:My TakeNo. My original post was the following and I got hammered immediately: Dirksidetrack (651) User Actions December 11, 2021 - 09:03 AM 136 Reads Post# 34221432 RE:My Take I was just reading up on the Canadian Unlisted Board (cub.ca) yesterday. From the "Canadian Securities Course" chaper 1, page 15 "The unlisted market does not set listing requirements for securities on its system (hence the term "unlisted market") nor does it attempt to regulate the companies. Most of the securities sold on the unlisted market are more speculative, and in most cases offer lower liquidity. In most of Canada there is no requirement for firms to report unlisted trades. Ontario is the exception where the Ontario Securities Commission requires all trades to be reported to CUB which is an automated internet web-based system for dealers to report unlisted trades. These dealer markets are also referred to as over-the-counter (OTC), dark pools or as unlisted markets. Securities on these markets are not listed on an organized exchange." OK so what I get out of this is that CGX is not listed in the OTC market because it is listed on the TSX. However, CGX may be in the form of an unlisted security like a derivative or other form of security. I guess that the dealers must create new financial products out of oyl shares. So, if it's true that oyl outstanding shares may exist as a component of other forms of non-equity security, then how is one to know what the true volume of traded shares are because some shares are not traded as oyl but are wrapped up as part of other securities. So someone is accumulating shares. We'll never know who or why unless you dig through CUB and try to find oyl embedded there somewhere. Reading other blogs I see that day traders tend to shy away from companies whose outstanding shares are not majority public float or in other words listed on public exchanges. So when I see all of this technical analysis on stocktwits talking about moving averages, standard deviations etc I wonder how reliable it is because the Canadian Secuties Course says that the dollar volume of trades in the dealer or OTC markets are much larger than public markets. We don't see the true volumes. I see that the public float increased by 40 million shares last week. How did that happen?
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