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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 > Volume significantly higher, any meaning?
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Post by oldcompanyman on Oct 14, 2021 8:10pm

Volume significantly higher, any meaning?

Ladies and Gents,

As already declared on occasions, I have a very limited understanding of the stock market. I see that today the volume of shares traded has significantly increased, does it have any objectively inferable meaning? I mean, without going into any SP manipulation or other theories, does it factually mean something tangible when the SP stays the same but the volume has a significant increase, especially after a long-ish period of fall like in our case, in a context of rights etc?

Nobody has a crystal ball, I know, but just being curious.

GLTA,
Comment by dragonfly454 on Oct 14, 2021 8:20pm
I'm seeing that one group is seeing value and potential and the other side is looking to adjust for risk ..
Comment by waitingstill on Oct 14, 2021 11:36pm
OCM, it is really impossible to read the tea leaves with the SP given the lack of transparency especially with shorts not having to report on a daily basis. But if you look at the tape, you will see RBC is the largest seller almost every single day. In fact, in June (I believe) they sold 7.5mil shares alone. Yes, RBC is also buying but not nearly to the same degree. Usually you would expect the ...more  
Comment by AnMar on Oct 15, 2021 12:04am
I agree with your 2 cents and had suggested a while back that this was coming. I think JDC will keep a small position, but the majority will likely get unloaded.  Fingers crossed KAWA is a success especially for you long-timers.
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