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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 > MY THOUGHT
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Post by firo1988gt on Dec 08, 2023 9:17am

MY THOUGHT

I am looking at Dec 11th as a glass half full rather than half empty.  I wouldn't think any company would announce a big news confernce to notify all share holders real bad news.  Here to hoping for some good news to get this show back on the road again.  GLTA  FIERO
Comment by Mat1791 on Dec 08, 2023 10:28am
Who knows at this point? I hope you are right. The problem has been what they think is good and what Mr Market thinks is good has been drastically different. I hope it's not just them trying to continue to shine a rotten apple. Time for full transparency!
Comment by IceDog13 on Dec 08, 2023 11:28am
This could really go either way. I can see them making a big announcement bringing a new partner on to continue exploration and moving Corentyne forward. I can also see the announcment being that FEC and CGX are going to merge, and for X amount of CGX shares you will get Y amount of FEC shares. Most likely in my opinion though, they will try to put a positive spin on the work they have done so ...more  
Comment by ohcanada17 on Dec 08, 2023 11:49am
I would say less than zero chance of them announcing a partner or farm in at this point. Agree that this is being done in an effort to put a positive spin on results to date in hopes of turning the share price around.
Comment by Mbxwatcher on Dec 08, 2023 3:16pm
One thing is absolutely certain....... Nobody out here at all is worried about the price skyrocketing based on this information, and not having enough shares............ Sad
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