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Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Since March 1
View:
Post by westcanpride on Jun 17, 2022 11:15am

Since March 1

CGX is down ~60%! Or in other words, CGX would need to see ~260% price gain now to get back to $3 CAD/share. Absolutely unreal. 

I can totally see why Jennifer Budlong got the hell out when she did.... we have total brain dead losers working for CGX and Frontera and she cut her losses at the right time. 

Given we are back to $1.15... I wonder how much more De Alba and Frontera will rape CGX again for more cheap shares to finance this upcoming Wei-1 well. Last year they financed Kawa-1 at $1.63.... that seems like a hell of a way from where we are right now.
Comment by westcanpride on Jun 17, 2022 11:17am
Correction, I meant 160% gain. Still hell of a jump required. 
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