Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Phantombloggeron Jul 21, 2014 4:28pm
162 Views
Post# 22767285

RE:RE:Low volume run up

RE:RE:Low volume run upSoulfire et al: If indeed you are holding on because "will lose too much", I recommend you make small buys (no more than 1000 shares) at levels going up. NOT LARGE PURCHASES! such as at .65 cents, .75cents, etc.
DO NOT DEVIATE FROM THIS FORMULA. It will help you to be made whole quicker, in terms of years going forward.
Only know that SP will never go back down to .20 cents.
But SP is subject to distortions due to "broker shake downs" (if you know what I mean)
I plan to make small purchases (as described above) when this baby rises above $1.30 (most likely from above $2.00, which is PRE's average-prices coming in) and also when more light can be seen through the tunnel.
Long term shareholders should hold on to their positions (DO NOT SELL), AND DO NOT BUY at these prices. WAIT! WAIT! WAIT! Just fasten your seat belts and hold on to your seat.
The PRE/CGX board made a mistake with the reverse split, but they are sitting on the best opportunities this business has even seen.
GLTA...just be patient and keep your powder dry!
Bullboard Posts