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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 > Looks like kawa is not commercial
View:
Post by Harel1976 on Dec 15, 2021 2:10pm

Looks like kawa is not commercial

If i considered this well as a 50:50 chance now its 90:10 not commercial, thats the exploration game, its pure gamble. There is allways info that leaks from the ship and the sp tells the story. I am still exposed through fec but dilluted at 8.5$. As i see it it was madness keeping the investment at cgx when mc was the same as fec, wrote about it several times, wanted to share some hard learned lessons on this board, got nothing but abuse here same as bodidley. Hopefully it wont be as bad as it looks but if it is its the end of cgx as we know it, might get the last roll of the dice but the retail holders will be dilluted to the bone.
Comment by Miftee9 on Dec 15, 2021 2:32pm
That is a bold prediction.  You are like the rest of the market, no information means bad news. I am not saying you are wrong but what if they had a delay for some reason and have not hit the primary target yet?  I think that is what happened to Apache.   What if they hit the primary target and it is so huge that they are taking their time to test and provide an excellent news ...more  
Comment by Harel1976 on Dec 15, 2021 2:42pm
You contradict yourself, no news is good news most of the time and still the sp sinks. Its just what it is. Sorry, hoping for a surprise...
Comment by chulo123 on Dec 15, 2021 2:40pm
What should be the reason to delay this information -dray hole-as you said not commercial? If it were not commercial they already attached a NR and Discovery should gone. Other point is tha FEC have been repurchased its shares end november and first december No. I think that De Alba is so greedy and he is trying to get the best deal for them and I am very afraid that do not find any one that meets ...more  
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