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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 Mat1791on Jan 26, 2023 11:34pm
182 Views
Post# 35249454

RE:RE:RE:Mat1791 -

RE:RE:RE:Mat1791 - "Liquidity is a function of the availability of shares and how easily they can be bought without affecting the price/share - at least that is what I've always thought the term meant."

100% agree with you on the above statement, so, the below shows how much of each stocks available shares would need to be purchased to obtain the same percentage of ownership


CGX - 1% = 3,340,000 / 77,000,000 = 4.3% of tradeable shares need to be purchased

FEC - 1% = 865,000 / 53,700,000 = 1.6% of tradeable shares need to be purchased

IMO, buying 4.3% of the available float would move CGX's price more than buying 1.6% of FEC's float for the same ownership %
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