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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. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Bullboard Posts
Comment by tiger77on Aug 29, 2019 7:03pm
270 Views
Post# 30081205

RE:Price and Momentum

RE:Price and Momentum

hrpao11, as much as I understand your frustration and don't disagree with you but you have to remember a few things.  First CGX was probably asked by the IIROC what was going on due to the sudden (and fantastic rise) and this has to be their official stance if there is nothing to release at the time.  Yes they could be speaking with potential JV's, suiters, or anything else positive but that is material and until it's ready to be released they can't just make stuff up or say things just for the sake of saying things.  There are way too many rules that they need to follow I'm sure.  I think everyone probably knows that conversations are immenent and or occuring but they can't issue a press release to disclose this.

Most of us longs have been waiting for a very long time and nothing has changed for the worse for me.  Went up, some people pulled down some profits, some new money but the fact still remains that they are sitting in a very good position in my books and when they are ready to release something positive it will make this fly or ECO will do it for us either way I'm happy.

Cheers and GLTA!

Bullboard Posts