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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 Phantombloggeron Dec 03, 2021 12:52pm
217 Views
Post# 34195524

RE:Flying again today... downward!

RE:Flying again today... downward! WCP, the only downside here are the markets!
It seems that the markets want to go down. If that's the case, brace yourself for lower prices.
I previously thought that we may be able to ride Christmas and New Years, but things are slowly changing. All bets are off if markets go south. Including the port!
It will no longer be about ammonites, BOPs, blackpools and whatever conspiracy theories are out there.
The best and smartest will be caught up in the vortex. The Feds will taper this time and raise interest rates! Maybe this is the coming 1929 scenario, as speculated by Warren Buffet in May 2020. It's the reason I've been cautious about CGX. But got caught up in this recent FOMO recently. It so happens that markets are doing something strange, right now. Imagine I took profits on my MARKET SHORTS earlier this week. I could have made a double on them by today Friday, 20211203.
Good Morning Dragonfly454 in Suriname. How do you get there so fast? Can't be the land route. Must have been a quick sail to the port, and hotel? Man, I admire your lifestyle. Used to have families over there, most of whom left for Holland, way back when. Used to have families and friends in Venezuela, some of whom now live in Canada. Hey Dirk, how's it going?
GLTA especially longs.

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