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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

Post by BlackGoldRefineon Oct 23, 2021 7:30pm
265 Views
Post# 34041355

Rabbit Hole

Rabbit Hole

We can see how easy it is to spiral through the rabbit hole on these types of plays. Piece of info comes out, opinions, guesses and emotions ramp up.  One idea leads to another, imaginations and fear get going, subsidized by shorts and suddenly you're not in Kansas anymore.  Wait, that was a tornado

Hardest part of investing is staying out of your own way.

Hard as it is, got to filter the noise, keep emotions in check and not over analyze.  We have some folks in here that are Clearly knowledgeable and the board is lucky - I value that.  For me, it's the facts that matter.  I don't care about one insider selling, especially when we know they have no hole information.  I mute the users that are Cleary in a short position.  Does my own DD match up, why not?

At the end of the day, this HAS THE BEST ODDS of any play out there and the SP is crazy low right now.  Manipulation, fear, whatever brought it here, I don't care, Results will dictate the end point  IMO, Debt aside, the Port alone should have this SP higher.  Even if Kawa dissapoints, my money will stay here.

My opinion, for what it's worth. Exciting times my friends! Hope everyone is having a great weekend.

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