CGX Energy Inc V.OYL

Delay of information thoughts

[Coloradobuff]

If you had a successful well, wouldn't you want to get as many shares for 1$ or less. Why wouldn't they slow play the find in order to accomplish this. The more shares they have the more money they make. As I said they don't want anyone else getting the reward.

[Miftee9]

Well, I believe the longer this takes the better it is.  It likely means they found something and are testing it.  They are not going to spend millions on a dry hole for optics sake.  As for FEC slow playing this, does not make sense.  They have millions of shares.  They are not in the business of spending Hundreds of thousands a day to buy a relatively small amount of

[Mat1791]

FEC is an insider.  Not happening...

[Coloradobuff]

You don't think fec would love to own all the float of CGX 

[Ermosp]

Well the other option is that they simply have drilling delays.  If it's a find, the longer they do testing and such, the harder to prevent insider trading from people in the know. Or so people on this board say - i actually don't know if it's true.

[Coloradobuff]

That would make sense 

[Coloradobuff]

  That would make sense