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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 Duderrron Jul 11, 2022 11:55pm
221 Views
Post# 34817056

RE:RE:RE:RE:RE:Share price

RE:RE:RE:RE:RE:Share priceWell it's clearly financing concerns driving down the SP... lol were you seriously wondering? I'm new here so not sure about your IQ... sorry if you were being sarcastic though.

Trying to dissect the driving forces on the declining SP on a penny stock seeing recent low volume? Come on man. Any one of us could probably drive this SP up for down 20% to 50% on any given day right now, but that doesn't mean it won't get to the same price next year (assuming we don't see a rights offering or private placement down here).

I'm still buying at this price, but keeping some dry powder in case we actually do see a rights offering bring this down lower. Buying now though in case a loan makes this gap up big. 
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