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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 Mat1791on Dec 20, 2021 7:28am
174 Views
Post# 34246015

RE:RE:RE:RE:RE:RE:Tomorrow

RE:RE:RE:RE:RE:RE:Tomorrow Dirk,

2 ways to buy/sell - @ market or limit (set price)

If the current limit bid is $0.95 and the current limit ask is $1.00 then there is no trading until someone budges up or down, or...

A new buyer puts in a market buy, or limit at lowest ask then they will buy at the ask $1, alternatively if a new seller puts in a market sell or limit sell at the highest bid, it will clear at the bid on the board $0.95. 

But a new buyer may put in a new limit bid at $0.97 or a new seller may put in a new limit sell at $0.98 then the pending bid/ask will change to $0.97/$0.98 but no sales will result.

SP of small cap, low volume, low floats will most times move based on buying and selling preferences not fundamentals.  Very rarely is the share price indicitive of what is really going on good or bad because it only takes a few buyers or sellers to skew the value.
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