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Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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 > Two things
View:
Post by Gassy166 on Oct 20, 2021 12:08am

Two things

There are only 82,000 shares shorted as of September 29 which is nothing. FEC is going up because they are printing money at $80 dollar oil, enough money to not only fund this well but also buy back 300,000 shares per month. CGX is dropping because people are raising money to exercise rights...simple as that. Cheers
Comment by Hooray on Oct 20, 2021 8:37am
Why would you sell at a lower price to buy rights at a higher price?
CGX Energy Inc