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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 20, 2021 12:32pm
173 Views
Post# 34247247

RE:RE:RE:RE:RE:Tomorrow

RE:RE:RE:RE:RE:Tomorrow Ok thanks Smricks. Yeah lots of assumptions go into evaluating these stocks. Like, given the difference in movement, that you pointed out, between fec and oyl on the same PR and all other factors staying the same, one could reasonably assume that good news is better for fec than for oyl and bad news is worse for oyl than for fec. Now if you made a decision based on that and your assumption proved to be wrong then obviously you didn't take enough factors into account. This trading stuff is tricky to grasp. Super interesting though. Thanks again!
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