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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. 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 > Re wow
View:
Post by taal on Mar 23, 2023 3:33pm

Re wow

A block of almost one million shares at the ask....Manipulation at its Finest
Comment by a2bman on Mar 24, 2023 10:07am
Its not manipulation, its just a cross. There is nothing wrong with a cross at the ask, its better than a cross at the bid.  Someone wants out, someone wants in, they did it in the market, no problem.  Its better than someone hittting bids until their done, and, you have a new investor in at the ask.
Comment by waitingstill on Mar 24, 2023 10:33am
Not sure what cross you are talking about. There has been no cross. Some idiot has put a huge block on the ask. Whether they are actually selling that block or they are being a$$holes and putting up a fake wall is unknown at this point but it sucks either way.
Comment by soulfire on Mar 24, 2023 10:39am
Seems like a fake wall. It was moved from $1.54 to $1.55. I think the MM has put up the wall anticipating news like some on stocktwitt has suggested. Wherever there is money there is manipulation and corruption, Never fails. Our time is near, Can't wait...
Comment by Schreibzey on Mar 24, 2023 10:50am
Does anyone know which house is putting up that wall? Sounds like a pretty good strategy to pick off low hanging fruit while keeping the price in check. I hope it's not related to a VWAP valuation. Will be hard to do that with a solid discovery. 
Comment by waitingstill on Mar 24, 2023 11:10am
I believe it is Raymond James. But there is plenty of opportunity to collect and accumulate shares below $1.55 yet no single house is buying much so i don't get it. I know someone who put up a 10000 share ask below that price and no one picked it up as you would expect if someone was accumulating. Very strange.
Comment by soulfire on Mar 24, 2023 11:24am
Well, someone just took out the 8700 at 1.51 and yet, the bid ask is still at 1.50 and 1.51. This is coiling up pretty good for a takeoff
Comment by waitingstill on Mar 24, 2023 11:47am
MS is the big buyer this week at a total of 117k shares with only 3k sold. Not exactly a massive amount but they could be the ones accumulating.
Comment by taal on Mar 24, 2023 11:58am
And almost All shares being sold are coming from Anonymous and Cibc....They throw up a big block  at $1.55 and just keep accumulating everything below that...They will do whatever it takes to get Your shares..Dont be surprised  to see a good drop in the price with higher volume days or so before a positive announcement...
Comment by fishfanactic on Mar 24, 2023 12:17pm
It's probably the VSE. That's where most of the thieves hangout 
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