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.

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CGX Energy Inc > My Take

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Comment by Dirksidetrackon Dec 11, 2021 4:15pm

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

That's because Besos produced top line, on the income statement, revenue growth. My book covers that as an example of the imporatance of top line numbers even if bottom line net income is negative. All it means is that Besos was investing money made into producing even more future growrh. In oyl's case, even if bottom line shows losses becsuse they're spending money on development and ports but their top line shows increase in revenues then I'm a buy. Problem is how long before operating revenues? Ptobsbly working on that right now.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?