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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 Miftee9on Jul 25, 2022 10:27pm
232 Views
Post# 34849957

RE:Frontera Ownership of CGX & how the Stole 20% WI!

RE:Frontera Ownership of CGX & how the Stole 20% WI! WCP, I am not defending management (I think they have breached their fiduciary duty to Shareholders and are extremely incompetent) or how this went down and I too am disappointed to where we are. You make some valid points.   However, I understand that beggers cannot be choosers.  As a result, when you are desperate you do things you are forced to do and usually it does not turn out well.  Think of a crack addict and the things they would do for the next hit.

However, none of the information is new or unexpected.  I have not gone back to your other posts, but you have been harping for a long time on bad management and the potential of FEC to essentially do what you have stated has now happened.  

Therefore, I would say the only person to blame is yourself. When the price went up you could have sold CGX and converted to FEC and your post would be how great management of FEC is and how they stole CGX and you would have been happy.  But... I presume you got greedy.  Wanting the homerun and therefore you left your money in CGX.  Instead of taking a double with FEC you swung for the fences.  Not saying that is the right or wrong decision but you have to live with your choices. Of course I do not know what you have invested or not, just speculating based on your posts, nor do I want to know.

For the record, I swung for the fences too and did not diversify and am still hoping to hit the home run.  The difference is that I have accepted (begrudgingly)  the fate of my decision.  Have you?

I hope we both get homeruns here.  I take a triple now based on the new information.  I'm just happy we were not bought out completely at this level and we live to see another day.

GLTA.
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