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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 > JUST A THOUGHT.
View:
Post by CLOUDER on Jun 19, 2021 10:12am

JUST A THOUGHT.

AT $1.75  CGX  without the latest round of finaning is at FEC`S market cap.  DO anyone here see a problem in this?
Comment by Rapsani on Jun 19, 2021 10:20am
Imagine...a reverse take over. With everything that this stock has been through I keep all possibilities open.  On the Suriname blocks I assume it was all closed bids so we can't get an idea of what our blocks could be worth.  
Comment by CLOUDER on Jun 19, 2021 11:30am
AND again,  FEC owns 80% of CGX, and more soon + 1/3 of there leases and they have the SAME MARKET CAP?  I ask again  do anyone here see a problem with that?
Comment by Nergy on Jun 19, 2021 2:32pm
You are right the valuation of FEC is totally out of touch, and represents what I would consider rediculous value. Other names with the same out of touch valuations are TXP in the gas/oil patch ORV in the Au/Cu patch and NKL when it comes to Nickel. Some times it takes time for reality to play catch up.
Comment by OIL_RUN on Jun 19, 2021 6:05pm
In my opinion, CGX will eventually be valued higher then Frontera. CGX's offshore assets represents the crown jewel of Frontera's future valuation. We are not talking about hundreds of millions of dollars. We are talking billions.    The asset base Frontera has in Colombia require consistent intervention, stimulation and work over - just to sustain production ...more  
Comment by CLOUDER on Jun 19, 2021 7:12pm
so,   you think CGX is worth $10  or $10`s of dollars, a share,  U.S. $ i suppose  to,ok. SO just who has  3 billion + to well  ,   CHINA  maybe,   they might get the port to going ,  they love there ports  don`t you know.
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