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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 Dirksidetrackon Jul 04, 2022 4:09pm
175 Views
Post# 34800082

RE:RE:RE:$380 OIL?

RE:RE:RE:$380 OIL?Clouder, I watch Bloomberg US. Worries about energy demand destruction caused by high enegy (gadoline, diesel, nat gas) prices. I remember $150 oil back in July 2008. By December 2008 it was $30. Volatile times. Back then the Fed could pump a lot of money into the economy to "quantative ease" and stimulate demand without affecting inflation or increasing interest rates. Not anymore. I reckon that by October, the markets tank. So oyl is now a long term play. No short term upside spike. For investors playing the long game, then they gotta figure out the best entry price. Hard to do. It could be that, if they wait, then they can get into oyl much chraper. In other words, there are undercurrents in play here that can't be quantified in a reliable sp.
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