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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 waitingstillon Nov 02, 2021 11:51pm
181 Views
Post# 34080578

RE:Vergatario

RE:VergatarioMost likely the SP is dropping as JDC blows out their remaining shares through RBC. RBC has been selling heavy since Feb. JDC got their 14.5 million (actually a couple million more I believe but they sold some a while back) shares at 44c. They went through receivership and may still be in it. RBC started selling heavy in Feb. Since then RBC has sold more than 18mil shares and I believe they are at least 10 mill shares NET NEGATIVE in that time from including 6.5mil in Oct and another 4.5mil in June/July. There is no one other than JDC or Prospector who have that kind of share. It makes no sense for ALL "nervous nellies" to all be selling through RBC. There has to be a big fish selling those shares and it can not be FEC obviously and that leaves JDC or Prospector (or CLOUDER lol). JDC makes more sense. The pressure will keep up on the SP until their shares are gone. RBC NET NEGATIVE 470,000 shares yet again just today on only 778,000 shares traded in Canada. That is not nervous nellies. That is a concerted selling effort and it has been going on for months. I hope it ends soon so we can move up.
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