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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc
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Post by Gtboyon Jun 28, 2023 1:07pm
259 Views
Post# 35518824

Shocking! But we have come to expect this

Shocking! But we have come to expect thisOYL is one stock that beats all the theory about what happens on good news. To say I didnt exoect this was an understatement. Why all teh buying yesterday to drive this up to $1.63 only to dump today on news, evades me and dosent make sense. I could have understood if it went up to like $3 bucks or something then see a fall back but this dosent make sense. If its some of us who didnt sell on Kawa news and now decided to sell at 1.63, I am not sure if that was the right move. I am holding as I do believe that there is still more news to come as they say, in the next 2 - 3 months. 

This stock has been one S**T show for 15+ years. I hope tomorrow is not another massive sell off day as well.

Dissapointed.

GT
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