Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Beaner1814on Dec 15, 2021 10:41pm
186 Views
Post# 34235375

RE:RE:Have we forgotten JDC is presently restructuring its debt?

RE:RE:Have we forgotten JDC is presently restructuring its debt?

Again that being based on the assumption that JDC was the single largest shareholder exclusively selling. No one can point to the terms of the restructuring agreement or transaction reports by JDC itself. And there is nothing to suggest retail investment sentiment has decreased. If anything it has stagnated on the lack of news.


I am not suggesting that that analysis is wrong, but at the same time it is not completely right without more. For all we know Santa Claus could be offloading his stake to cover his increased supply chain costs. What is for certain is that if there was any notable shareholders unloading at present JDC would be my first guess. FEC would be further down the list.

Opinion still remains, waiting for news is the only way to go from here.

<< Previous
Bullboard Posts
Next >>