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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 > Could anything have spooked the CFO?
View:
Post by Ermosp on Dec 07, 2021 12:29pm

Could anything have spooked the CFO?

On a down day like this so close to NR, it does make one think.

If the CFO was dumb enough to insider trade to make $100k, is there anything that might have triggered it? She obviously couldn't know results, but could she have been privvy to the following?

- potential JV partners interpretation of well data which gave lower odds

- data about the well being unusually hard to drill

- undisclosed weakness in Fronterra financials
Comment by RHertig on Dec 07, 2021 2:04pm
If any of that were true, why would Fronterra suck up all that stock instead of doing a partial farmout? They must have faith to pour all that money in. Especially when they already own so much. 
Comment by BlackGoldRefine on Dec 07, 2021 2:33pm
Back to this again? Are you trying to talk yourself out of this?  Chill, be patient and wait.  I picked up more shares today. Cheers!
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