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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 taalon Jan 03, 2023 8:50pm
264 Views
Post# 35201881

Re Short Data

Re Short DataI dont know what the short interest is in oyl ...but I highly doubt that this  move was a result of short covering...With oyl having such a low float you have to be insane to hold a short position....If Td was selling most likely retail ....they normally deal with Retail...This trading is just normal course of action...Only four short trading days ago we have moved the stock price close to 70 %...and now we back off 11%...This ebb and flow will continue for sometime but the general direction will be UP...The next several months will be very exciting and Yes we will reach and exceed that $2.00 mark
Good luck to Everyone
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