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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

Comment by a2bmanon Oct 18, 2024 12:46pm
132 Views
Post# 36271900

RE:RE:RE:RE:RE:Trading

RE:RE:RE:RE:RE:TradingWvp I agree on they could have done better with the money and probably catalysts needs money but it's still only 50% premium on 4%. So like a2% dividend.  Not much. 

It would be difficult to put more money in cgx from fec.  What would they take, for it, the rest of the fricken thing. 

If you think about it the stock went from 725 to 825.  That's what + 80mm market cap and doesn't 40mm.  And reduced shares by 4% (15% since 2022) .  I don't know looks like they're doing good things and trying to keep everyone happy.  I still think they're undervalued, just imagine if they could get cgx of the ground
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