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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 > Two other possibilities
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Post by dragonfly454 on Dec 16, 2021 3:23am

Two other possibilities

It's year end ..persons with good stocks that have sold at profits would be doing some offset by selling high risk OYL locking in the $0.75 cents and a loss that they can step off rather than risking losing $0.50 cents more going forward ..Another thing is FEC been buying back Their stock over past month ..if it was a known negative outcome they could wait n get it cheaper..my opinions
Comment by waitingstill on Dec 16, 2021 5:30am
It could be many things that add into this but one thing is for sure, RBC sales are driving this. Since Dec 6, RBC is net NEGATIVE 4.2 million shares of only 8 million shares traded. Anon is net POSITIVE 1.2 million shares.  Yes, many people trade through RBC BUT there is no statistical way that the 21 other houses ALL TOGETHER sell less than one house (RBC) and people claim it is many ...more  
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