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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

Comment by Mannyman99on Mar 30, 2021 2:08pm
128 Views
Post# 32907069

RE:RE:Not manipulation

RE:RE:Not manipulation

Hahaha Soulfire, seems as though my play on words didn't really fire up your soul. Ofc I know cgx is being manipulated, that was the whole point. And as for building a base, just cuz they don't have much activity going on w the volume doesn't mean they don't have anything coming they're way. Like I said they KNOW what they are sitting on, and if you really do your DD you should know what they're sitting on, so ultimately it comes down to timing. With that being said, there is a reason why oyl is where it's at and the way it's trading. We can only speculate for now, it's just about time till we see some things cracking up. 

To me personally it makes sense how and why FEC is managing this stock. I am completely convinced that Cgx's staff has truly taken the back seat in any discussions w other oil companies and are limited to dealing w the Guyanese government. This could also be nice as tasks and objectives for the company have been well allocated, further decreasing pressure on either parties. Now, I believe once fec has certain leverage with oil prices and the news surrounding that, that's when we'll start to see some real movement. Oil prices are about to get very interesting by the summer.


 

 

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