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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 taalon Oct 16, 2024 7:06am
288 Views
Post# 36267636

Trading

TradingMy opinion on the trading the last few days...
Our share price has been in decline for close to a year now..Was this regular market activity  or by design..I tend to think by design...It is Blantantly  obvious how this stock price has been manipulated....Now on Friday we had close to 400,000 shares traded and price increased 46 %.
With No news...Was it a leak or was it that cgx transferred shares to a tax haven...Million dollar question...Now on yesterday's trading I think the stock held up well..On Friday is was very minimal shares that got us from 19 to that 22 so in fact yesterday we held that gain...What that tells me is that if we start to move north in the next day or two on good volume ...then it was a leak ...if we don't then it was because of the transfer of shares and we may have to wait a while...Both scenarios are positive for our share price.Keep in mind that if and when we get there our major resistance  that.42.....43 range...If we cross that on good volume its open sailing...The remainder of this week's trading should tell the tale...Good Luck Everyone......
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