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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 > I am long frontera, 1diots.. The are trading at 1.5 times
View:
Post by drunk@noon on Feb 28, 2022 10:23am

I am long frontera, 1diots.. The are trading at 1.5 times

cashflow and would be trading at 40-50% free cashflow if dead beat cgx managment would have their company pay their share of drilling expenses. 
Off shore guayana is a money suck as it seems this well is a nat gas dud.
As a FEC sharholder they could give it away for nothing,
Comment by Dirksidetrack on Feb 28, 2022 12:09pm
What are you saying? Cgx got no free cash flow as defined as revenues left over after paying for ongoing expenses and taxes? Of course CGX got no free cash flow because they have no revenues yet. Don't you see? A stock that should already be delisted based on their financial performance alone is worth almost $ 1 billion market cap. Why? Because the supposed book value does not capture cgx' ...more  
Comment by drunk@noon on Feb 28, 2022 12:22pm
my point is I would love kawa to have been a successful oil well. Frontera would be up 10 in a flash, as there is no value given for it. What bothers me is you have a bunch of 1diots on this board popping the champagne corks arguing about whether they found 500 million barrels or 700 million barrels. The well was drilled weeks ago, and after doing what they could to hype the well resutls, there is ...more  
Comment by RightAngle45 on Feb 28, 2022 12:39pm
Drunk@noon You expect anyone to believe that you are long on FEC. ?? By reading your last post you through FEC under the bus.  So it looks like you are short both FEC and CGX. I would think you are smarter than that or very confused. You should change your handle to drunk24/7.. And would love to know who told you it was a gas well.????????????????
Comment by Dirksidetrack on Feb 28, 2022 12:40pm
Hey man, yeah I understand that. Don't go down in the rabbit hole of valuatiing the company based on what your biased opinion thinks its worth and critisizing others for having other valuations that are less than yours and accusing you for being a short for challenging their valuations. What's glaringly missing is why your detractors think that their valuations are more reliable than yours ...more  
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