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.

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CGX Energy Inc > The Interest Rates Regime

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Post by Phantombloggeron Jan 31, 2024 8:26pm

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Post# 35856134

The Interest Rates Regime

Since 2008-2009 the regime of zero interest rates gave rise to a golden era for stocks. The mentality of the CEO that "sitting" on so-called de-risked (after Lisa-1 discovery) jurisdiction, IS NO LONGER THE SAME, even though he gave away CGX for pennies.
No Sir, we're no longer in that goldilocks era, with rising interest rates and cost of borrowing.
What really is the value of our SP in this new regime of finances?
Is houlihan lokey some kind of a genius? They seem to have done many "small deals" but I can't find any "Petro-deals".
Maybe someone on the board can cast some light on this!

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Advancing flagship Ishkõday Gold Project in Ontario