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

Post by Mannyman99on Sep 01, 2021 9:08pm
255 Views
Post# 33799141

All good

All good

Hey guys great posts I'm reading here. Love the valuation efforts Dirk, however I couldn't agree more with the posters here that advise that this is not whatsoever a fundamental play at all, it isn't. Too many uncertainties and variables that no book could ever account for fully, and I also agree that this is a speculative in that this stock will really see substantial gains if the word gets out enough. I personally feel like the SP movement upwards and at the end of the day hovering above $1.50 is definitely a good sign in how much anticipation really lays in that basin and how many eyes are really out there. I got into this play because I was long Oil (blessing and curse) before Covid-19 hit and heard from a friend that I should look into Guyana because the balls getting rolled there to say the least. Looked into it more and discovered what Exxon and Total and Apache have done and wanted in instantly specially after looking into how much potential Cgx has and they're relation with the country of Guyana itself. I am a 22 year old finance major so it didn't take too long for me to realize that I can't really apply many fundamental ratios and translate them to viable DCFs with good certainty as there is so much uncertainty in ONE topic and that's funds.. I realized that the true investment here lays within the country of Guyana and their oil and I truely believe Cgx Energy is Guyana's Oil Company and if that's the country that is going to making noise in the oil markets by 2025, I'm all in, my risk tolerance can definitely allow it. I don't think it's a matter of if just when. Who doesn't wanna own a part of company that has started operations in a country that can potentially have bigger oil per capita boom than Dubai!! Guyana's economy itself is slated to spike ten fold because of this, y'all needa wake up! I'm new to this stock and I could still look past all the uncertainty with management, reports etc. and see the bigger picture and that's what institutions don't want us retailers to do. They want us to buy into microeconomic trends because we make em but I'm gonna warn you guys to inference any short term financial data with long term macro trends and you'll be the one laughing not them. Cgx is it just stay patient and ride it out folks. 

Mannyman ;) 

<< Previous
Bullboard Posts
Next >>