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.

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 Nov 06, 2021 11:54am
182 Views
Post# 34095772

RE:oil or no oil

RE:oil or no oilYou must be extreamly short on this stock or are wanting to buy more cheap lol I respectfully accept your opinion but you must have little to none knowledge with what's going on around the world let alone the company. Firstly, they wouldn't be able to talk about the well results until they have concrete results and obviously they wouldn't want to take a chance with any sort of leak for external parties looking to buy in. Secondly, what story has changed, these are all outlooks we as shareholders have about for some time now, the port is going to generate a bunch of cash in a world where ports are backed up and oil is in high demand and even going higher! Of course they would want to mention such as it looks very prospective for a company that hasn't reported any profits in how long? And mind you we ran up to $2.70 on NO news... I understand the low volume is frustrating but i think it's controlled as they're discussing possible deals with other oil majors. IF a buyout is in tact they have to make sure the SP doesn't run up to levels where it'd be harder to negotiate a buyout. I can keep going on and on but I personally and humbly think this is the best oil play in the basin as we speak. I'm gonna end it off with that. Respectfully GLTA. 
<< Previous
Bullboard Posts
Next >>