Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by westcanprideon Sep 28, 2022 11:29pm
256 Views
Post# 34993978

Share price is an embarrassment!

Share price is an embarrassment!This board looks as dead as the share price as of late.... speaking of share price, go look at the chart since Jan 1. Its been one prolonged decline... even the temporary spike from Feb 1-Mar 2 had a decline component to it.

Even Frontera is down 2.9% for the year! De Alba et al sure on a roll. Fathom to think what Frontera would be trading at if oil hadn't been over $100 for much of 2022. 

Let's all hope like hell Wei-1 is that transformative well, because its clear the market in general thinks precious little of the opportunity and is giving all materially involved management teams the literal middle finger. 

The easiest, and honestly smartest solution, would be a JV. Then again, nothing Frontera/CGX has ever done would be classified as conventional/forward thinking... guess there is always a first for everything! 

<< Previous
Bullboard Posts
Next >>