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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 > Incredibly disappointing week thus far
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Post by westcanpride on Jun 30, 2021 11:25am

Incredibly disappointing week thus far

All the momentum in the world last week... deflated almost instantly. To top that off, still no news from the JV regarding anything (probably helps explain the drop in 20% so far today). I am convinced both CGX and Frontera management are scared of success and have no idea what to do with the opportunity they have. Instead, they will stumble to the finish line... like wow, Kawa-1 has to be one of the most anticapted offshore exploration wells for 2021. Yet, with this JV management team, one would have absolutely no idea. At this point, I be suprised if they could even sell cold beer at a Vegas pool party. Truly something else, and certainly a case study for a university-level marketing class in how not to run a business. 

Let's see what they say at the AGM... if nothing other than self-congragulating themselves and rewarding more shares, I would not be suprised if the share price plummeted back down to $1 short term.
Comment by RightAngle45 on Jun 30, 2021 11:52am
I told myself that if the share price dropped beloe 2.00 I would get out and it did. I kept 5000 shares, and like you I see a dollar coming again. I just have to face it there is going to be nothing of substance come out of the AGM today and am tired of the lack of leadership and the up and down gong show. The powers to be will look after them selves but the cgx holders will get shafted , they ...more  
Comment by Devanand1 on Jun 30, 2021 11:57am
i do not blame you for selling. But I would like to see the result of  Kawa. Been here for so long, it makes no sense bleaving now. I know that this stock could recover jsut as fast.
Comment by stark15 on Jun 30, 2021 12:58pm
Agreed, disappointing after last weeks run....I also do not blame anyone who sells (to each their own) but imho, its not the smart move....I have learned, painfully, that u have to have balls of steel to play the stock market, and in particular, hold this stock. Its funny to me that every time this stock rises someone posts "somethings up" or "there an announcement coming" ...more  
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