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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

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Post by taal on Nov 12, 2021 7:09pm

Wcp

I agree that Fronterra could have done a public raise at $2 and raised $200 million ....but as you know they raped Cgx over the years and took over this company for relatively very little.Now want intrigues me is that instead of doing a public offering ...they've decided to finance this well themselves....and controlled the share price to make sure they obtained all the rights...Im surprised that they did this offering at $1.63 because they certainly could have financed at a lower price...Im convinced they know Much more than what they have made public....Phantom...as far as the share price goes Fronterra is not interested in share price but only in finding oil...I believe our share price will increase hopefully somewhere between 2.50....3.00 prior to any announcements but I believe it will Not happen gradually but happen very quickly in a matter of several days towards the end of the month or beginning of next month...Fronterra has much more at stake than all of us...Its rare the insiders goals align with minority shareholders......
Comment by chulo123 on Nov 12, 2021 7:44pm
I do not agree with taal or wpc and those who think that Frontera are abussing us by snatching Cgx at a very low price. You must remember they are not a charity institution and any dollar they invest they have won with hard work. The money they invested in Cgx has been our salvacion and I do not see any reason to think that, after investing more than 200 million dollars they dont deserve the ...more  
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