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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 > Share price
View:
Post by Devanand1 on Jul 11, 2022 2:29pm

Share price

Every day a couple of pennies are being shaved off of this share price. Sad to see the share price where it is now.
Comment by westcanpride on Jul 11, 2022 3:17pm
It sure is Devandand1! At this point, the results of Kawa-1 mean absolutely nothing to the market and are in essence being treated like a 0m net pay well. Hopefully some news finally arrives at end of month when Frontera is done with their Dutch offering and CGX has their AGM. How these losers in Management sleep at night is beyond me. Purposefully losing shareholder and group funds money due to ...more  
Comment by Ermosp on Jul 11, 2022 3:51pm
Failure to find proof of commerciality is apparently the same as proof of commercial failure to the market. Their kawa presentation should have been more clear that they failed to meet their objectives for Kawa, then their news about the positive indications for that well may have been better received
Comment by Dirksidetrack on Jul 11, 2022 5:09pm
Yeah I went to Stocktwits board yesterday to see what they were saying. The 2 most prominent pumpers of oyl were trashing the management. Yet they say that they're "bullish". Cognitive disonance or what? It's like saying that I trust the bus but not the inebriated driver so everybody just get on the bus anyway. Listen man fec sp proves that the market knows that they got ...more  
Comment by Ermosp on Jul 11, 2022 6:13pm
Shedrills has to act bullish. If she said anything but confidence, a lot of people would exit and the price would hit $.50 or lower easy.
Comment by Dirksidetrack on Jul 11, 2022 7:02pm
What I want to know Ermosp is why fec even needs cgx at this point. For political capital? Seems that it's pretty much gone. For financial capital? Lol. Act bullish all that people want. What she is smarter than most? Genius? Up in the highest 2% of IQ? Then why isn't the sp where the genuises predicted in the double digits? Nope man. You tell any lowly mud man that they got formation ...more  
Comment by Schreibzey on Jul 11, 2022 7:54pm
Dirky, corroborated by Brent from FeC IR: "Thank you for your email.  In lieu of MDT data or sidewall core samples, cuttings samples from twelve reservoir zones in the Kawa-1 well were analyzed with a variety of geochemical methods to evaluate in situ hydrocarbons."
Comment by Dirksidetrack on Jul 12, 2022 1:18pm
Thanks Schreibzey, Well that's good news!!! So we have a good well. 12 hydrocarbon bearing zones. I do know that the mud loggers and geoligists look for florescence under UV light to detect presence of hydrocrabon on the cuttings. They then send to a lab to do more in depth analysis. They probably also had a paleontologist out there to date the cuttings samples like I've seen on other ...more  
Comment by Duderrr on Jul 11, 2022 11:55pm
Well it's clearly financing concerns driving down the SP... lol were you seriously wondering? I'm new here so not sure about your IQ... sorry if you were being sarcastic though. Trying to dissect the driving forces on the declining SP on a penny stock seeing recent low volume? Come on man. Any one of us could probably drive this SP up for down 20% to 50% on any given day right now,  ...more  
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