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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Re fronterra
View:
Post by taal on Apr 08, 2021 1:20pm

Re fronterra

Drilling company holds roughly 15 million shares ..They have No choice like most of us long term shareholders as far as selling goes ..There is No liquidity in this stock ..You can't really buy a large position and you can't sell a large position...you would get crushed with the price..For the last 3 days I've been trying to buy several thousands of shares just to test the mm...always going in one cent higher than the original bid ...they've given me 500 shares ...thats after 3 days...As far as Fronterra buying out cgx ...I suspect if they were interested in that scenario it would have happened before the resource estimate....and when the price was much lower...but there is no if and or but this share price is being controlled...most likely for more options to be administered... We are still very early for share price to move....too far away from Drilling....but it Is Coming.....
Comment by soulfire on Apr 08, 2021 2:15pm
I suspect options at 84 - 85c is coming. DeAlba is keeping all negotiations air tight. Maybe even the folks at CGX are not included. Let's face it, how can they contribute with these type of negotiations? They only way they can help is by staying out of it. When doing these type of negotiations there would have to be confidentiality agreements and they will be enforced if there are more than ...more  
Comment by westcanpride on Apr 08, 2021 3:48pm
"Frankly, Suresh should be given a hammer, saw and some lumber to start construction of the Port" hahaha... that actually made me laugh. Goodness, we already have enough challenges with getting stuff done... don't need him going out there and messing up basic building designs either lol.  Now if it comes to airport kiosks.... then we have the man for the job! 
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