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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Comment by deepthinkon Jun 10, 2009 6:47pm
232 Views
Post# 16060039

RE: today's trading

RE: today's tradingMy only thought is that someone decided to dump a position. Anyone who bought a few months ago at $0.30 is looking at a pretty big gain, even at $1.20. Maybe with the price falling, others got nervous and decided to sell. I also considered selling, but decided to buy more instead. Unless the selling reflects some negative insider information, the day was really positive. I picked up some more cheap, even though the C$ is down and oil is up. The company is finished PSTM processing and Depth Stretch processing is underway, and may be available for June 25.  

On the other hand, if the selling reflects negative insider information, the day wasn't so great...


Bullboard Posts