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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 Mat1791on Dec 20, 2021 7:28am
164 Views
Post# 34246015

RE:RE:RE:RE:RE:RE:Tomorrow

RE:RE:RE:RE:RE:RE:Tomorrow Dirk,

2 ways to buy/sell - @ market or limit (set price)

If the current limit bid is $0.95 and the current limit ask is $1.00 then there is no trading until someone budges up or down, or...

A new buyer puts in a market buy, or limit at lowest ask then they will buy at the ask $1, alternatively if a new seller puts in a market sell or limit sell at the highest bid, it will clear at the bid on the board $0.95. 

But a new buyer may put in a new limit bid at $0.97 or a new seller may put in a new limit sell at $0.98 then the pending bid/ask will change to $0.97/$0.98 but no sales will result.

SP of small cap, low volume, low floats will most times move based on buying and selling preferences not fundamentals.  Very rarely is the share price indicitive of what is really going on good or bad because it only takes a few buyers or sellers to skew the value.
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