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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 > August
View:
Post by nowanzen on Aug 25, 2021 3:02pm

August

I think the lack of interest is reflective of the annual August break that appears in the general market every year. I believe early to mid September we will see an uptick in intertest and price. It is difficult to watch the meandering stock price when we have soooo many personal hours tied up in watching this wallowing elephant... Or, is it called a whale because it's offshore?


As the one vulture said to his buddy
" Patience, my a$$!   I think I'm going to have to kill something!"
Comment by Dirksidetrack on Aug 25, 2021 6:31pm
I think that it's starting to sink in that many things could happen that would drive up the well cost by tens of millions of dollars like lost circulation, stuck BHA (bottom hole assembly) that would require a very expensive side track around it, high pressure which caused the cessation of drilling on Jaguar etc. Exxon's operating principle, when I worked with them deep salt offshore ...more  
Comment by Hooray on Aug 25, 2021 7:42pm
Amen Dirk!!!!! This is the type of post we need. We definitely don't need the negative noise which serves no purpose except in driving away new investors.
Comment by ljmorin on Aug 25, 2021 8:18pm
Thank you sir. Please check your inbox on Stockhouse. Id like to connect with you a bit there if possible. Welocme aboard!!!
Comment by Dirksidetrack on Aug 26, 2021 8:26am
I replied to your message saying, no problem, I can help with some of the technical stuff but that I highly doubt any well specific information will become public because it's tight hole. I added that they won't know for sure what they have until they run a test string and test the target zones. So my question is if the timeline between now and December includes a testing program. One ...more