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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 Jul 06, 2022 3:39pm
119 Views
Post# 34806171

RE:dragonfly

RE:dragonflyYeah Clouder, Got my powder dry. Waiting to see what happens. Great companies like bte are getting hammered. Been talk of "liquidity mismatch" which is a fancy term meaning companies don't have the cash when investors want to cash in or redeem their holdings. High yield aka junk bonds for instance. Crypto currency exchanges having severe cash problems. Oyl has held up quite well imo for a company which has no revenues and uncertain total assets. They got something going for them. US dollar index at now over 107. People running to safety in cash. I want to see the dollar index fall and see some stability in the junk bond market first. Then I'll get in once the macro world has settled down. Btw Ray Dalio ( google him if you don't know who he is) says that Russia will come out of this war better than anyone else. So does that mean that nat gas prices will go through the roof?
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