CGX Energy Inc V.OYL

Share Price

[westcanpride]

$1.26 CAD... to think, most of us held through Wei-1 taking the financial risk of hoping hydrocarbons are discovered. Lone behold, they do discover a mammoth field and the share price tanks. I get it, CGX is out of money.... but so are a ton of other companies in many other industries, but their upside potential still allows them to demand some form of share price premium. 

I can only imagine you 20yr plus holders of CGX. Hoping like hell the company would just survive, knowing oil might exist. Exxon then finds oil and everyone gets excited. CGX then finally drills a couple wells, finds big deposits... and yet after all of this, the price sits at $1.26 CAD. 

On the other hand, senior management has enriched themselves very much via incredibly generous yearly salaries, so not all is lost!

[Mbxwatcher]

Bought my first shares around 2009,so only 14 years for me. A relative newbie to many people on this board. I have stated many times, that I have made my peace with the reality here. It is heartbreaking to think about what could have been, and there is no doubt that the selfish/stupid nature of management, has depressed the upside for a long time, and the last deal they made with Fronterra made

[waitingstill]

Good thoughts mbx. I think many of us are of the same mindset. Keeping our fingers crossed that this management team has not totally wrecked the upside here. They all have options which i am sure they want to be well in the money. One good thing is that two holes are completed without serious incident and the second hole obtained sufficient data to satisfy the requirements of interested parties