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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Kelvinon May 15, 2024 12:25pm
121 Views
Post# 36041356

RE:RE:Trading

RE:RE:TradingBut how do they make any serious money? I watch bte with usually over 6 million shares traded daily, the other day over 11 million, swing over $1.50 in cycles up and down over a couple of weeks. It's down now, then some analyst or talking head will pump it and up she goes. Or some news out of the mideast that scares people into thinking that a supply shortage is imminent or a mass of iguanas eating electrical cables to downhole pumps or whatever stupidity they can dream up in ordee to trivger emotional responses. Yeah it's a manipulated con game but if you're only making pennies per share on the trade then you need the volumr I would think. It doesn't exist wirh oyl and fec.
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