CGX Energy Inc V.OYL

One last post

[westcanpride]

This recent drop in share price (again) has really got me thinking about the power insiders have relative to retail shareholders like ourselves. 

Let us think for a minute. There is absolutely no way retail folks would purposefully sell shares in CGX over the past two months in the absence of any news. Well I did, but that's because I was upset with management over their poor actions, but that is beside the point in this post. For probably >90% of long term shareholders, no one was selling (and in fact, many probably bought more). The sole reason... the literal fear of missing out (FOMO) on a halt would be too much for many. 

However, if you have insider information (e.g., Calalyst Capital or alike) and get daily rig updates from the CEO/Director (such as De Alba), you can manipulate the share price however you wish becuase you know you will never get caught on a news release. 

Look at what happened when CFO ditched her shares.... price went down hard on the news. These insiders for sure knew what the hell happened a couple days before and made a killing shorting the stock down. They then made a killing again on share price appreciation (especially since they knew 'postive' news of her firing would push the price up again (>30% in one day). The recent share price bleed from ~$1.60 (Nov 8 peak) to today is nothing more than black market tactics and insiders shorting the stock and playing the same games again. 

At this point, these guys on the inside know whether Kawa-1 hit oil or not. No way Catalyst (who is De Alba's first priority) does not know what is happening. I sincerly think they probably did hit oil, but these insiders want to accumulate more shares before announcement of the big news in the next couple weeks. Its a greasy and sickening tactic they play, but they know they have 100% power to do whatever they want and the regulators will never do anything. Imagine if anyone one of us had "insider" informaton from the rig or CGX/Frontera staff and traded accordingly.... we would be in jail so quick it would be insane. Yet these guys get away with it everyday. 

Anyway, that's my rant/ideas for the morning. Hopefully this bullsh*t end soon.

[CLOUDER]

WOW, westcanpride i totally agree.  you hit the nail on the head.

[Toucan1234]

Thank you for your post and candidness Most of the people posting here are not sincere. Most of the management of CGX and Frontera do not have a consideration of the shareholders Which goes to show how far off the beaten track they have migrated. They see the shareholders as a source of income for them. They do not see the shareholders as partners.    

[Coloradobuff]

Why would they? They see a small stake and don't want anyone else making money but themselves. 

[Coloradobuff]

Different rules for the rich and poor. Old as time itself. White collar crime should be punished the same way as murder. Especially if you financially bankrupt someone by doing illegal activities like madoff. 

[SportyJ]

WCP, a nice post and thanks! The way I see it is if the news is good and "They" are manipulating the sp down to accumulate "They" should be investigated. Or if the news is bad and "They" are systematically exiting "They" should be investigated. I said awhile back that a p&a or drlg suspension would be date certain and be disclosed post haste by cgx. I

[Miftee9]

The insiders have millions and millions of shares so I doubt if the news was bad they would slowly be divesting.  It would have to be systematic and all partners would have to be in on it so I dont believe that is the case.  I can buy into the fact that there is manipulation at the individual level and people in the know are buying shares cheap believing (or acually knowing) what is