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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 BoykJurko11on Jan 20, 2023 12:27pm
203 Views
Post# 35235788

RE:NR Poll

RE:NR PollTiger, Just my opinion. People been playing short term expectations on sp and making millions on the volatility. Gotta think long term like you do. For instance, Joe and Jethro had sour, heavy oil. High in sulphur and asphaltene. Asphalt needed to build roads. Sulphur for fertilizers of which most ammonia comes from natural gas taking nitrogen from the atmosphere which is 78% nitrogen, mixing it with nat gas, phosphous, potassium, magnesium etc to make fertilizer. Lots of fertilizer components in the Guiana Sheild in Guyana. Just need lots of nat gas to build fertilizer plants without which most of the planet goes hungry. Sulphur from sour, heavy oil. So what to do? Buy EcoAtlantic now or wait a few years?

Depends on my investment time horizon. Same with cgx, fec. Ya want wham, bam, thank you mam returns then sell and go buy something else. But long term they got a good chance of returning lots of value to investors. All of the vectors point up. 
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