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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 Mat1791on Jun 01, 2023 11:18am
312 Views
Post# 35474894

Kelvin "The Collective"

Kelvin "The Collective"Come on man...

What you really don't understand is investing in a speculative play.  (Gambling)

So yeah, most of us will lose if everything goes sideways but, what comes with that is the opportunity of a home run, not a single, double or triple.  A swing for the fence type play.  

Understanding this, one should be only playing with the dollars you are willing to lose.  So telling us we are losing money or opportunity cost is useless because, as of now, the roulette ball hasn't settled.  At this moment there are no winners or losers for those that are long.

No one really needs to know all the tech on the play, we trust the people put in place to perfom the best they can, if you don't, then you shouldn't be here.

However, more often than not, even these experts fail, but we are in it for the one's that don't.  And CGX/FEC as a play has a better than average chance of not failing.  Again, if in all your wisdom you don't believe then don't invest.

This is not a bank, or a blue chip.  You can't research the play, look at fundamentals, or look at financials and decide wheter or not it is a winner.  

The drill is the only thing that matters, and when it's done then you will know.

Win or lose, in the mean time invest and wait, or take your neuortic behaviour and go away
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