Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum NG Energy International Corp V.GASX

Alternate Symbol(s):  GASXF | V.GASX.DB | V.GASX.WT.A

NG Energy International Corp. is a Canada-based natural gas exploration and production company. The Company is focused on the discovery, delineation and development of large-scale natural gas fields in developing countries, supporting energy transition and economic growth. Its asset portfolio consists of one appraisal and two exploration natural gas assets in Colombia. It has working interests... see more

TSXV:GASX - Post Discussion

NG Energy International Corp > Stockwatch comments Jan 18...
View:
Post by Tree2tree on Jan 19, 2022 1:11am

Stockwatch comments Jan 18...

Further afield, Serafino Iacono and Ron Pantin's NG Energy International Corp. (GASX) added nine cents to $1.89 on 427,400 shares, as it strove to recapture enthusiasm for its soon-to-be-producing Colombian gas assets. "The glycol and dehydration units have arrived at site," it cheered this morning. The comment makes more sense in light of the fact that these units were the holdup in finishing the new gas facilities at the company's Maria Conchita block. NG Energy announced the holdup on Jan. 4, but said it expected resolution "in the coming days." The stock was then trading above $2.30. Amid rising impatience, the stock fell steadily to yesterday's close of $1.80.

Today the stock perked up again, though relatively mildly; the plant still faces an indeterminable period of testing before it can come on-line and officially turn NG Energy into a producer. Investors were originally hoping for this milestone months ago. In the Jan. 4 press release, it fell to CEO Mr. Iacono to try to cheer them up by stating that 2022 will be "transformational." In today's update, executive chairman Mr. Pantin took over the chant, stating that NG Energy is about to "transition from a developer to a producer ... [in] the premium-priced Colombian marketplace."

Both men have been active in this marketplace for years. Their previous promotion was Pacific Rubiales, a once-high-flying Colombian oil producer that traded above $35 in 2008, but collapsed below 40 cents and declared bankruptcy in 2016. It underwent a massive restructuring and subsequently re-emerged (under new management) as Frontera Energy Corp. (FEC: $9.43).

Comment by CrazyLarry on Jan 19, 2022 11:11am
Thanks for the post.  Where did you see the post on Stockwatch, Link?
Comment by Tree2tree on Jan 19, 2022 1:01pm
You can sign up for Stockwatch's free daily newsletter, which contains random samples from their paid subscription material.
Comment by Tree2tree on Jan 19, 2022 1:03pm
Also found a link here: https://www.pressreader.com/canada/stockwatch-daily/20220119/282415582656458
Comment by CrazyLarry on Jan 19, 2022 2:02pm
Awesome, thanks.
Comment by mofwmofw on Jan 20, 2022 6:54am
Just wondering if this positive because of what happened to they`re last company at the end the first part was very positive. thanks
Comment by Tree2tree on Jan 20, 2022 6:01pm
I wouldn't try to read too much into a news item like this.  They are journalists cranking out dozens of stories in a day.  They are not analysts, but they do usually provide some background info which may be useful to the reader.  And they do encourage investors to have a healthy degree of scepticism of anybody promoting anything.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities