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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc > My Take
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Comment by Mat1791on Dec 11, 2021 12:25pm
124 Views
Post# 34221731

RE:RE:RE:RE:RE:RE:My Take

RE:RE:RE:RE:RE:RE:My Take
Dirksidetrack wrote: Total Assets = Liabilities + Shareholders Equity. Therefore Shareholders Equity = Total Assets minus Liabilities. Ok not literal you're right. But if oyl goes bsnkrupt then it becomes literal because once assets are sold off and creditors get what they can then shareholders will be down over 303 million. Note that under Canadian law creditors get paid first. Shareholders last, if there's anything left. Think Nortel.


Dirk,

Current share price of a company is very rarely book value ( shareholder's equity / outstanding shares)

Current share price is based on the markets perception of some future value.  99% of shares trade at values based on discounted future anticipated value.

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