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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 westcanprideon Apr 24, 2024 2:13pm
334 Views
Post# 36005535

FEC trading pattern

FEC trading pattern

Go back to roughly mid November, and FEC and CGX have tracked each other very closely for many stretches. 

Starting yesterday, FEC broke out and has jumped ~10%. 

Based on roughly last 6 months of trading, either CGX will jump up very quickly or FEC will plummet back down again. Could the trend break (ie, FEC trades independently of its CGX/Guyana ties?)... most definitely. The charts have suggested otherwise to date. 

In any event, none of the trading here is actually "natural". It's all been coordinated to suit that degenerate De Alba and his banker buddies. At some point, this idiot will have to show his cards and reveal what's being occurring behind closed doors. Until then we wait. 

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