Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Dirksidetrackon Feb 19, 2022 5:15am
169 Views
Post# 34444453

RE:RE:Re WCP

RE:RE:Re WCPWCP, Sad to see you go. I really enjoyed your posts. Another point of view now silent. I love the movie "A Beautiful Mind" which was about John Nash, mathematician and winner of the Nobel Prize for his work on game theory, specifically Nash Equilibriums.

The idea is that in any game, each participant acts in their best self interest in order to maximize their gain, usually at the expense of other participants. So you'll end up with a system with few winners and many losers because the most clever will win.

Such a system is inherently unstable, whether it be a marriage, partnership, country, trade deal etc. The tension created between winners and losers will ultimately destroy the system.

The most stable systems are those where each participant works cooperatively with other participants because it's in their best self interest to do so because the gain in system stability is greater than anything a participant would have to give up to acheive stability. This implies that no participant gets all that they want. They have to give up something in order to create as many winners as possible.

So I was trying to square the above with your comments. You obviously do feel that De Alba is trying to create as many winners as possible. In fact, you stated that you've already won.

I don't quite understand what problem you have with him. You feel that he is favouring some participants over others? All systems do that though. Look at any government. But as long as most participants win something, then the system will be stable.

I don't know how you don't favour some participants over others in this game of financial markets and shareholders. Some participants get preferencial treatment or there wouldn't exist such things as preferred shares, warrants, options.

Yet, except for the shorts, it's in everybody's best self interest that the sp goes up. De Alba has done a pretty good job of making that happen. Could he do more? Yeah I suppose so but as you point out, he's spread pretty thin right now with his many other obligations. Maybe it's time for just one oyl CEO. Things are gonna get very busy soon. Port, Corentyne etc. I don't know how one person can handle that plus Colombia, Peru and all of the other stuff.

<< Previous
Bullboard Posts
Next >>