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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 > Could anything have spooked the CFO?
View:
Post by Ermosp on Dec 07, 2021 12:29pm

Could anything have spooked the CFO?

On a down day like this so close to NR, it does make one think.

If the CFO was dumb enough to insider trade to make $100k, is there anything that might have triggered it? She obviously couldn't know results, but could she have been privvy to the following?

- potential JV partners interpretation of well data which gave lower odds

- data about the well being unusually hard to drill

- undisclosed weakness in Fronterra financials
Comment by RHertig on Dec 07, 2021 2:04pm
If any of that were true, why would Fronterra suck up all that stock instead of doing a partial farmout? They must have faith to pour all that money in. Especially when they already own so much. 
Comment by BlackGoldRefine on Dec 07, 2021 2:33pm
Back to this again? Are you trying to talk yourself out of this?  Chill, be patient and wait.  I picked up more shares today. Cheers!
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