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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 > Going, Going, Gone
View:
Post by Oregonduck on Nov 08, 2022 12:03am

Going, Going, Gone

Like a whiskey shot at last call.

"The directors and officers of the Corporation collectively own or control directly or indirectly, in the aggregate, 328,900 Common Shares representing approximately 0.09% of the issued and outstanding Common Shares as at June 9, 2022."

OYL's days are numbered. Key managers and insiders owned minimal stake, but have cut themselves out  "Golden Parachutes" for huge payouts in the event of a takeover by Frontera.
Expect little takeover premium to market price. Could even be a "takeunder".

Comment by jtdd on Nov 08, 2022 12:13am
Why are you here??
Comment by tiger77 on Nov 08, 2022 8:34am
Very unhappy life clearly to try to spread non stop bullshat and attempt to convince people to sell low when we ALL know that nothing has changed other than the rig is delayed (out of our control). He needs to get a life!
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