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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

Post by Dirksidetrackon Jul 08, 2022 1:38pm
285 Views
Post# 34811475

Well Geez!

Well Geez!The flavor or essence of most of these critiques of management comes down to lack of information, whether through unclear PRs or lack of response to direct inquiries. Ask yourself! How is this company's sp so high? Compare them to a single digit sp penny stock with about the same number of outstanding shares but, unlike oyl, are actually producing revenues. So why is oyl being valued 10x higher than a company like pul?

Because pul is in a depleted Cardium formation first drilled in 1940s where they make money scraping the dregs of what's left. Oil price goes up then pul sp goes up. Easy calculation. Their future growth is based on oil price alone. Now look at oyl and why with not even one penny of revenue is valued at 10 to 20x of what the bottom feeders are worth. Obviously some pretty smart people, like the ones that Schreibzey pointed out know that there's solid future growth that is valued into the current sp.

How do they know that with no info. Aha! Oyl released the info already embedded in other info. I pointed it out on this board. Waiting for your "experts" to spell it out. But all they yap about is that " consolidation is inevitable" and posting their vote prefetences for the agm. Lame! How does the market already know that oyl got a great well there just from their PRs. Waiting still for the yap to stop and real info and ansmysis to start.

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