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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 Apr 26, 2023 12:35pm
45 Views
Post# 35414850

RE:Recession….

RE:Recession….

Frank007 wrote: I am pretty sure that will happen if not in one now ...but ...even in a recession it's fear that takes over ...the demand for oil barely declines .....just look at the oil draw over the last three weeks down steadily  ...the driving season will be extra strong this year.. pent up demand to take the kiddies on vacation ......


Markets are a forward looking mechanism . Recession was priced in first half of 2022. As long as it's in the soft landing realm markets will move on.

Some on this board really need to stick to GICs...

Better yet, most posts are good indicators when to buy or sell.

Great indicators to fade...

 

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