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 > Re Harel

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Comment by Ermospon Dec 17, 2021 12:15pm

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Post# 34240996

RE:RE:RE:RE:RE:RE:Re Harel

I think it's reasonable to bring up risk management principles like this. These stock boards all lend towards hyper bullish psychology, and come down on anyone with even a whiff of downside speculation, telling them to get out of the stock. It's classic tribe/cult mentality, if you are not all in, then leave it.

I don't think the geological odds have fundamentally changed based on the vague news release yesterday. It just reset to predrill. However, it did raise a lot more questions about financials and that's gonna limit stock upside till results.

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