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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 > Shareholder Purgatory
View:
Post by SheDrills on Dec 18, 2023 10:32am

Shareholder Purgatory

Unfortunatley CGX is in shareholder purgatory until they annouce a deal.  Either a deal that fianances the port completion and enables near term revenue or a deal that monetizes some or all of Corentyne.  There is no reason to get excited until then or until the shareprice signals a leak.  I expect to see us washtrading in the meantime or continue to bleed down as more shareholders hit their tolerance limits.
Comment by westcanpride on Dec 18, 2023 11:57am
I really hope the government is applying a tremendous amount of pressure on this useless JV team as well.  the current license appraisal agreement expires on June 28, 2024. I hope the government gives them an ultimatum (ie, find a bloody way to keep drilling more wells or you continue to lose more of the license).  that border dispute, which in essence has helped keep CGX alive, is ...more  
Comment by CLOUDER on Dec 18, 2023 12:15pm
Whitch govenment...Venezuela or?  i mean a matter of time.   give it a think,the reagon in dispute has not been realy mined of it`s potential,  and it has lots of potential, with the Venezuelian control it will,  if  Guyana has it still it won`t.                   it is as simple as that.
Comment by Zibo510 on Dec 18, 2023 12:22pm
This post has been removed in accordance with Community Policy
Comment by Dell1 on Dec 18, 2023 6:23pm
I am not selling any shares. I know there is a value. And you are right we will see some sort of movement as soon as something will be negotiated. I will add more shares to my portfolio when I get a chance.
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