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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 > On the way?
View:
Post by waitingstill on Aug 10, 2021 9:00am

On the way?

Polaris is listed "om the way" while other two are still stopped.
Comment by soulfire on Aug 10, 2021 10:04am
probably getting a headstart since there is still work to do on the seafloor.
Comment by waitingstill on Aug 10, 2021 11:07am
So, it was underway, the n stopped, now underway again but still beside Discoverer. Who knows. Need patience! Yeesh.
Comment by westcanpride on Aug 10, 2021 11:37am
Hopefully we get some clarity when Frontera releases their 2Q results tomorrow after market close/Thursday morning during investor call.  Given that Frontera had initially said the well would be spudded in "early 3Q", and then "Aug 1-15" more recently, its clear they have an incredibly poor sense of understanding for well mobilization and rig logistics. Hopefully we get ...more  
Comment by oldcompanyman on Aug 11, 2021 12:27pm
Hi Waitingstiill, Just to answer your question on Stocktwits (in my age it was already a challenge to my habits to sign on this forum, I'm not gonna sign on all of them but I do follow things here and there), the Discoverer being a self-propelled unit, she only needs 1 tugboat to assist i.e. increase transit speed; the other 2 can join later when she will be on the spud location (or even some ...more  
Comment by soulfire on Aug 11, 2021 1:00pm
Thanks OCM Much appreciated
Comment by waitingstill on Aug 11, 2021 5:45pm
Thanks OCM. I guess Discoverer is traveling on her own at the moment according to marinetraffic.com   Unfortunately for me, I am tracking it every 5 minutes and it only goes 5 knots/hour! lol. Well, we are on our way. Another decent gain today. Should arrive 18:00 on Aug 16th and I believe 1-2 days to spud.  FEC has their Q2 CC tomorrow. Hopefully we get an update although not sure ...more  
Comment by ljmorin on Aug 11, 2021 6:34pm
Sounds Painful, Why do you torture yourself so. I guess thats why your still waiting. lol GLTA,
Comment by waitingstill on Aug 12, 2021 1:05am
Lol. I was joking (sort of). I have been waiting 21 years for this hole. I am going to enjoy every minute of being green and going higher!
Comment by ohu812 on Aug 12, 2021 8:00am
I agree 100% but who wants to share an exit stradegy or at least a partial exit stradegy.  After dropping from the $2.70 high makes you think of trying to sell a portion with the right timing of course maybe getting back your original investment. With the rights offering at the time it was tough decision to dump more money in to average down and now sitting here today wishing I put more in ...more  
Comment by stark15 on Aug 12, 2021 9:03am
I don't mind saying....I have been burnt with other stocks in the past.....I got to greedy seeing $$$.....when the stock price is going up, up and up some more, u think u cannot lose.....u DONT want to leave money on the table and u get greedy.....not for this stock....I have stayed disciplined and have sold a number of times over the years to get back what I have put into it(been here since ...more  
Comment by CLOUDER on Aug 12, 2021 10:27am
YAH your right stark, good for you man, but... remember when CGX was $1.30 ish coming to the end of a drilling  we all had high hopes ,there was a halt ,then 30 cents to no were, that was a groin kik to say the least. wasen`t that one the saratoga? semi sumursible, my piont is ,ahh  no piont,   BUT this is looking right,      one BUT, that is well out there  ...more  
Comment by ljmorin on Aug 12, 2021 11:03am
Still choked you got out huh clouder? And didn't get back in. Maybe clouder is the old Catman? Hahahahaha.
Comment by waitingstill on Aug 12, 2021 12:49pm
There is always risk (operational, financial and geological) so unless you don't care if you lose it all, you probably should have some exit strategy. Give the risk:reward ratio here, I want to have a lot riding on the drill result but I have been here too long to come out empty handed. I will probably sell 20-30% of my holdings as we move towards the drill result. As I am currently up more ...more  
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