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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 tiger77on Sep 20, 2019 10:19am
177 Views
Post# 30147510

RE:RE:RE:RE:RE:RE:RE:Pump and dump?

RE:RE:RE:RE:RE:RE:RE:Pump and dump?Westcan, what your saying is very true but I think waitingstill said it best.  Most of the people here are longs and very much have a worry of FOMO (Fear of missing out) for those that don't know what it is.  Your right about the spikes and it gradually fading down but as Taal said it today there are many catalysts that will help us out and for those of us that have waited a while we don't want to miss out having to take a canoe trip when we could be sailing in a yacht for the same journey.  None of us know during the next spike that we won't be halted, a JV announced with someone like Exxon have our wells carried, siesmic announced or anthing else positive causing us to miss out on the massive run if that were the case.  I don't think anyone here would argue if Exxon partnered with us and we were halted at $0.60 lets say that we wouldn't open up much higher than a buck.. For those of us with reasonably large holdings for single investors that is a MASSIVE loss to sell a few shares for a few cents or ten cents profit and not worth the risk to me at least.  Nothing in my opinion has ever changed in this company and the assets we hold other than they've got better and clearer.  Yes a lot of it or most of it has come at the hands of other companies but regardless we get to be the benefactors of something potentially huge. While I don't want to see the SP drop because of my holdings I already have for those that are impatient, want out, want to move elsewhere there is a big bid at $0.40 and I'll happily take them!

GLTA!
Bullboard Posts