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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > financing
View:
Post by soulfire on Mar 05, 2021 10:59am

financing

some financing must be coming down the pipes, maybe after close today.
Both CGX and Frontera are deliberately being kept down.
There is no reason for the SP to fall this way.
Thoughts?
Comment by chulo123 on Mar 05, 2021 1:15pm
This week have been very bad for all stocks. Many traders have lost lots of money.  There is a traffic jam, is not possible to move forward.
Comment by westcanpride on Mar 05, 2021 1:24pm
Perhaps in most other sectors (Nasdaq, tech, etc). My other oil stocks have been doing wonderful this past week. Hell, even Frontera is up another 4% today.  CGX since the spike 2 weeks ago ($1.30 high) is down .40 cents. Unless we get JV/financing news, it sadly would not shock me to see this slowly bleed down to .80 or even .70. We are not seeing any big buying and the market clearly does ...more  
Comment by ljmorin on Mar 05, 2021 1:38pm
What we need is the Rig moving into position to drill. Might be the only thing that gets this hopping. I really expected some pop on this AGM. But we got all that were going to a couple weeks ago it lloks like.
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