CGX Energy Inc V.OYL

Morning Thoughts

[westcanpride]

Let's make no mistake here, neither Frontera or CGX management have any real skin in the game. They all make wonderful salaries (as per MD&A via CEDAR, and discussed on this board before many times) and none of them actually have meaningful open market share purchases. All their long term compensation is tied up in freebies provided via warrants and options. When they talk about "maximizing shareholder value", they mean lining their pockets with salaries and no-risk warrants/options. If Kawa-1 is a bust, every single board member and senior member still walks away with tons of cash in their pocket. If successful, they can convert these warrants/options. But none of them have any risked money on table, unlike everyone on this board. So yeah, I am not shocked senior technical people are jumping aboard to join CGX. They get paid a nice salary, get gifted tons of no-rish warrants/options and get to participate in a no-risk exciting well opporutnity. Sweet deal for them.

The fact we sit at $1.3 right now is the real joke. What should be the most excited well in the world, and these jokers play stock manipulation games to ensure their best interests are suited. Thank goodness I finally did wake up to these games 1 month ago and sold majority of my shares for a good profit. Admittingly, I did buy back in again at $1.5 and then again and $1.03 (so I am still up again via cost averaging). But if we do go back up again to roughly $2, I will be selling again. These jokers have proven they care absolutely 0% about retail shareholders! The Sept. 24 press release of "Equal and Exciting Opportunity" is a another classic example of spitting in the faces of us retail and pretending to care. The CFO selling her shares in the middle of a well is another example. End of day, they knew exactly what they were doing and crashing the share price to ensure their best interests were taken care of was priority #!.

I will never have respect for neither of these two management teams, and neither should anyone on this board. They have proven for years they care little about us! Not going to sit here now and kiss butt (virtually) to guys like De Alba just because they finally got their act together (mainly because of the Guyana government) and drilled a well.

[stark15]

Imho.....its not about respect for DeAlba & co or any past management....it all about the MONEY for me, and i dont mind saying it. I think DeAlba does derserve praise for coming in and righting the ship...... As for skin in the game......i would say 'granted options' is skin in the game.....i like those in charge, or at a high level having incentive to make it work. (i could care

[soulfire]

Stark the props should go to Mr. Jagdeo. Before calling out CGX De Alba was also sitting on his AZZ doing nothing. At least now he is showing leadership though I agree with the last part of your post, where ever they go we go, so let's get this thing going.

[ljmorin]

Exactly, They make a $hit pile I make a $hit pile. I'm totally of with that. Also their reputations and Cred is also on the line. And when you got as I expect [huge ego's] Its important to them personally.

[Ermosp]

What risk do you see for retail stockholders?

[RightAngle45]

I totally agree this last share price manipulation takes the cake..I have been invested in this just when they started to drill Jaguar. in my opinion this selling of those shares by the CFO and then conviently  going on holidays so she doesnt have to answer questions was an orchestrated event to drive the share price down. What constitutes fraud on this venture exchange is beyond me. I will