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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

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Post by CLOUDER on Oct 04, 2021 11:21am

OIL

perfect timing    IF    CGX can hit oil.  with this rights offering that will take CGX well over 300,000,000 shares and with 67ish% of the lease  ,a fair amount of the price of CGX `s  discovery  is baked in the cake all ready,  imo.  if you miss         you all know where it goes after the halt.
Comment by Coloradobuff on Oct 04, 2021 1:59pm
Everyone here is playing the fact that this will hit. If it doesn't we know the outcome. I don't think the 1.68 takes account into all you say. 
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