CGX Energy Inc V.OYL

trading

[soulfire]

Kelvin, this morning is a classic example of manipulation.
Over 22K were traded up to 1.65 CAD and a few hundred shares brought it back down to 1.50 CAD, go figure...

[RightAngle45]

Yes, if that isnt crooked , what is.

[waitingstill]

Actually only 400 shares traded at $1.65 and all the rest at about $1.50. We are stuck and not enough buyers right now which surprises me given how far along we are.

[jtdd]

Actually, last time, it was around $0.90 four months in and then it jumped to $4.53 in a month and a half. This time, we're at $1.50 and it's only two months in.

[taal]

Actually last time it was 6 weeks before announcement it traded down to .88 then  roughly 10 trading days later it traded at $2.50 range and stayed there for roughly a month in that range and only hit $4.53 briefly after they announced Kawa.

[Kelvin]

Yeah Soulfire, I think that Frank is right when he says that a discovery is already baked into the sp. I think, but I'm not sure, that it has something to do with the presence of that pressure regression in the Campanian. That pressure regression, which gives them so much grief, is not present in Exxon's wells which is why they drill them much quicker than in North Corentyne. Kevin Lacey

[soulfire]

Kelvin, i'm will not get into stuff I know nothing about, e.g. pressure and formations, seals whatever... I can assure you that a discovery is not baked into the SP. When all is said and done this well will probably be the largest discovery thus far of any company IMO. If I were you, I would not take what Frank/Catman says to heart. The reason the SP is stagnant is because Frank bought some

[Kelvin]

Soulfire. Well OK then. Yep good luck to all.