CGX Energy Inc V.OYL

CIBC

[glorieux]

has been the biggest buyer since the ES was announced. They are the biggest buyer today again, accumulating still at these higher prices. Anonymous is the second biggest buyer today. Here is the list of transactions since May 7th for CIBC:

Broker Positions for C:OYL Broker #79 from 20120506 to 20120611

Date	Bought	$Val	Ave	Sold	$Val	Ave	Net	Position	$Net	$Position
20120508	749,972	271,064	0.361	615,589	228,809	0.372	134,383	134,383	-42,255	-42,255
20120509	373,250	130,590	0.35	222,500	78,437	0.353	150,750	285,133	-52,153	-94,408
20120510	288,919	104,005	0.36	89,100	31,623	0.355	199,819	484,952	-72,382	-166,790
20120511	373,955	143,373	0.383	30,000	11,181	0.373	343,955	828,907	-132,192	-298,982
20120514	76,150	25,024	0.329	117,500	39,199	0.334	-41,350	787,557	14,175	-284,807
20120515	139,100	44,962	0.323	50,300	16,404	0.326	88,800	876,357	-28,558	-313,365
20120516	50,700	15,101	0.298	49,500	14,730	0.298	1,200	877,557	-371	-313,736
20120517	18,000	5,339	0.297	26,000	7,996	0.308	-8,000	869,557	2,657	-311,079
20120518	18,500	5,550	0.30	30,500	9,150	0.30	-12,000	857,557	3,600	-307,479
20120522	97,900	30,746	0.314	9,500	2,906	0.306	88,400	945,957	-27,840	-335,319
20120523	35,500	10,422	0.294	91,000	26,394	0.29	-55,500	890,457	15,972	-319,347
20120524	29,500	9,119	0.309	15,000	4,628	0.309	14,500	904,957	-4,491	-323,838
20120525	45,000	13,955	0.31	19,400	5,974	0.308	25,600	930,557	-7,981	-331,819
20120528	370,800	149,050	0.402	327,700	132,405	0.404	43,100	973,657	-16,645	-348,464
20120529	905,250	362,255	0.40	117,900	47,052	0.399	787,350	1,761,007	-315,203	-663,667
20120530	170,700	67,022	0.393	52,500	20,710	0.394	118,200	1,879,207	-46,312	-709,979
20120531	825,750	397,815	0.482	193,800	96,139	0.496	631,950	2,511,157	-301,676	-1,011,655
20120601	811,830	431,040	0.531	554,350	298,966	0.539	257,480	2,768,637	-132,074	-1,143,729
20120604	645,150	391,732	0.607	439,578	269,856	0.614	205,572	2,974,209	-121,876	-1,265,605
20120605	153,200	97,386	0.636	64,100	40,939	0.639	89,100	3,063,309	-56,447	-1,322,052
20120606	99,902	63,618	0.637	49,941	31,265	0.626	49,961	3,113,270	-32,353	-1,354,405
20120607	529,900	287,178	0.542	146,600	80,653	0.55	383,300	3,496,570	-206,525	-1,560,930
20120608	221,865	121,817	0.549	39,180	21,482	0.548	182,685	3,679,255	-100,335	-1,661,265
20120611	84,795	49,949	0.589	24,200	14,476	0.598	60,595	3,739,850	-35,473	-1,696,738
TOTAL	7,115,588	3,228,112	0.454	3,375,738	1,531,374	0.454		3,739,850		-1,696,738

There is accumulation going on here and that favors the patient one and the believers. My original plan was to sell half my position in the 50-60s after buying heavy in the low thirties but I ended up buying more on Friday at 55 instead. I could be crazy but looking at the trading and the stories/interviews, I think this one goes up more before the AGM and certainly before TD to Jaguar. I also think we get another JV deal announced before news of Jaguar. That alone should get our price up IMO to the $1 mark or more. Patience here is a good thing me thinks.

G.