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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 tiger77on Mar 08, 2022 3:11pm
290 Views
Post# 34496660

RE:email to CGX

RE:email to CGX

Soul,
 

The problem is at this point I don't know what else they can do or say.

1. Yes they issued a BRUTAL news release which caused the SP to tank
2. They provided a good clarification the following morning (yes the damage was done but we recovered again a little bit)
3. Then they went on record with Oil Now to clarify things and "dumb it down even more" for them and investors and it dropped even more.

Trust me with hundreds of thousands of shares I want this to be fixed and more in line with where we should be also but I honestly don't know what else they can say outside of the final results,  JV(s), and other news. 

The problem with this stock in my opinion is that over the last decade investors and more importantly shorters know that with every spike CGX usually falls until the next one and they short us like crazy to make money on the drop.  I don't like betting against my investments or the craps table so I don't do it but these guys do and with doubt they took full advantage of the situation.

All we can hope for is final results to be released, crystal clear direct on the path forward, how we are going to get there, who's going to be there with us and clarity.

With that will hopefully get us to our numbers.  I still stand by saying that a good JV makes this jump like crazy.

Time will tell!

Tiger 

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