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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 Ermospon Feb 02, 2022 5:33pm
206 Views
Post# 34390982

RE:The "Magical Chair"

RE:The "Magical Chair"

The SP sucks because that news release was the minimum positive NR that could go out. 

We have no idea on oil quality and whether its commercial e.g, no idea if the stock has inherent value.

We have no idea what the financing options are. Dilute is the default option, unless stated otherwise.

Everyone, including shedrills, was way too excited on Monday. Now everyone is way too glum. Cause we'll have answers to the above 2 points soon, and they may be very positive. Once the stock has actual assets and value the price rise will be very high. But we don't just yet, and the longs should have known better.

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