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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 > Be Calm
View:
Post by Gtboy on Sep 05, 2023 10:22am

Be Calm

Hi Everyone, 

One thing I have learnt over the years is that, it is what it is. Here are my thoughts. We are all in this and we are all either consumed or we are all happy. Speculating and getting upset wont change anything. Lets save our anger or joy for whatever the final announcement says. Honestly, I do not know what to believe. The meeting was very positive as I said but now I am hearing on this board about who have left. Again, lets wait on formal announcements from the company before we speculate as to why, what and how etc. I know that the experiences we have all had here for over 20 years, we would never do this again. But lets be honest, we are all just greedy folks, many of us bought in the 0.20 cents and could have sold at $4.50 but we were too greedy. Its the nature of stock trading. 

If I can leave anything with you is, stay calm and lets wait on the final official results. I am not saying it will be good, and if it isnt, then lets take action and maybe do some class action lawsuit. BUT, as I said, reading this board based on what someone writes, often sends fear or hope which then transforms into the stock price.

I wish us all the best and Good luck.

GT
Comment by Stampeder on Sep 05, 2023 11:47am
Well said.  There are different types of investors and the bigs gains come from when a different set of investors buy into a stock once a certain level of risk has been removed.  Many of us are the initial investors that chose to accept the geological risk based on what we understood of the basin's potential. Assuming positive test results, a new set of investors will buy into the ...more  
Comment by Vamoose on Sep 06, 2023 3:13am
Right on, Stampeder.  We do indeed need to "maintain healthy discussions on this board so as not to unnecessarily dissuade or alarm potential investors that maybe [are] willing to take this stock to the next level." Every junior mining stock has many challenges. Thank you for this contribution.
Comment by Mbxwatcher on Sep 07, 2023 12:36pm
After all these years it would be hard to believe that most people who are aware have already made up their minds, and got all their tickets to the dance lined up........ The manipulation, theft (dilution) has occured I hope, and we are left to know results. I just cant imagine being shaken out of shares at this stage of the game. Minority shareholders in CGX have been royally f-----ked over ...more  
Comment by soulfire on Sep 07, 2023 1:26pm
I agree Mbx, all of this while Suresh is living the large life at our expense.
Comment by SheDrills on Sep 07, 2023 2:04pm
Suresh: 1.  Doesn't make himself accessible to small investors...won't even publish an email address or claim to be affiliated w/ CGX Energy on LinkedIn. 2.  Won't go on record and answer hard questions on the spot. 3.  Can't hold a team together. Loses an exploration manager after each well. 4.  Can't figure out how to borrow $20MM despite holding ...more  
Comment by soulfire on Sep 07, 2023 2:24pm
1) He's more affilliated with FEC IMO 2) Not an O and G person so questions are difficult for him to answer (how did he land this position?) 3) from what I hear he is an arrogant individual, it actually shows on his face. 4) you are correct (how did he land this position?) 5) Trent is not a very recognized University. Having said that, some people are knowledgeable in their field of study but ...more  
Comment by SheDrills on Sep 07, 2023 2:35pm
Exploration risks, well delays, lost tools, well bypass, ect I fully understand...out of his control. However, the port execution is pathetic and directly under his control. Major financiers from global firms have been in Guyana seeking opportunities....CGX Energy should have gotten into bed w/ GS, JPM, WP, ect LONG AGO to accelerate the port at minimum.  Even today, not a single partner for ...more  
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