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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 > Face it
View:
Post by dragonfly454 on Nov 05, 2021 1:29pm

Face it

Things are not the same..it is a different paradigm ..meme stocks ..short squeezes, crypto,NFTs fast money not high risk Schrodinger's Cat hunt wildcat business ...change ..we might be among the last great drilling adventures on earth ..the Santonian pinch outs are going to deliver ..relax and keep calm
Comment by Ebenizer3 on Nov 05, 2021 1:40pm
so who will be the jv partner? apache/total or Chevron? my guess chevron, seems they have been left out, and exxon seems to be busy. whoever it is has to have deep pockets, deal could be as simple as carrying cgx/fec on the next two drills for 33% with an option for more.
Comment by Gassy166 on Nov 05, 2021 7:58pm
You nailed it dragonfly and the only one taking advantage of the huge opportunity is Frontera! Which is fine by me as I choose to play this through them as ultimately they are the real owners. In spite of what other people have to say about Frontera they saved cgx shareholders axx as there would be no play without them and they could have been a whole lot more underhanded if they wanted to be ...more  
Comment by ljmorin on Nov 05, 2021 8:53pm
I so much don't respectfully agree! You have no idea of what your talking about! And I'm sure Dfly never implied that as either. If it wasnt FEC it would be another. Maybe that would be much than them?   Do you actually think they have the $$$ to develop and produce it? Not a chance. Not even close.
Comment by Hooray on Nov 05, 2021 10:22pm
Hypothetically speaking……knowing their (CGX/Frontera) financial position it was always known they don’t have enough to see this to fruition. The best option was to gamble everything on Kawa-1 alone and have interested parties bid for a complete takeover of CGX (not Frontera) pending a commercial find. That way Frontera gets 80% of the buyout to continue being a partner in the block…..maybe this ...more  
Comment by Gassy166 on Nov 05, 2021 10:30pm
My point dumbaxx is someone had to step in, it doesn't matter who it is so why shi! on them just because the share price hasn't given you the chance to pull your profit out. And I didn't put any fn words in df's mouth either I simply agreed with his assessment of why this play hasn't garnered more attention. Maybe you should learn to read and you have no fn idea what I do or do ...more  
Comment by Hooray on Nov 05, 2021 10:43pm
Gassy…hence the reason I don’t like posting on this board. I know your comment was directed at ljmorin but he was respectful but yet you had to respond a derogatory manner……please be respectful. We are all here for the same reason . Even Clouder/Catman who after bashing CGX since he tanked the stock to US$0.20 is now back in the game. 
Comment by Gassy166 on Nov 05, 2021 11:18pm
Hey thanks schoolteacher but in my view starting a post off with "you don't have a clue what your talking about " is not very respectful. So why don't you just mind your own business unless comments are directed at you!
Comment by Hooray on Nov 06, 2021 12:02am
Last time I checked this was a public forum. My apologies. Didn't know it had changed. My humble apologies again
Comment by ljmorin on Nov 06, 2021 9:11pm
Well you simply don't know what your talking about as many of the longs here woud attest to, It was a pre appproved company, Believe me we have had many saviours before. There is a ton of history that you simply don't know or choose not to know or look into. And please try and get back on your meds before you even look worse.  GLTA even you Gassed up Gasser. Sorry so late was on the ...more  
Comment by CLOUDER on Nov 05, 2021 11:31pm
yah i am back in,WELL guys CGX also has a $200 million ish or so right off for all the drilling in guyana that it has done to, we must remember that this is about the market cap of CGX at this time, so yes we are very much undervalued.  BUT THEY HAVE To HIT, but if they do instead of 30 cents to no were we will be like oil run has said  $10 to?  i have to be in this win loose or ... ...more  
Comment by waitingstill on Nov 06, 2021 8:16pm
Clouder/catman - I, for one, am glad you are back in. I hate to see someone who suffered long years be shaken out completely. Good to have you back despite the trash talk you gave us when you bailed. Welcome back. Go CGX go!
Comment by Goldrush97 on Nov 06, 2021 2:52am
While we speculate who will buy into or farm into cgx block there is the possibility of an consortium of few companies and not just a single major oil company. I expect frontera to retain small stake. Taking look at the various blocks nearby: Stabroek- xom, cnooc, Hess canjie- total, xom,jhi, eco Atlantic orinduik- tullow, total, Qatar petroleum, eco Atlantic kanuku- repsol, total, tullow, Qatar ...more