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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 Ermospon Feb 02, 2022 5:33pm
221 Views
Post# 34390982

RE:The "Magical Chair"

RE:The "Magical Chair"

The SP sucks because that news release was the minimum positive NR that could go out. 

We have no idea on oil quality and whether its commercial e.g, no idea if the stock has inherent value.

We have no idea what the financing options are. Dilute is the default option, unless stated otherwise.

Everyone, including shedrills, was way too excited on Monday. Now everyone is way too glum. Cause we'll have answers to the above 2 points soon, and they may be very positive. Once the stock has actual assets and value the price rise will be very high. But we don't just yet, and the longs should have known better.

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