CGX Energy Inc V.OYL

Bad update

[Harel1976]

Looks like no commercial discovery as for now, an active petroleum system was found at all the basin dusters to date. The well is taking to long, the cost is very high, im affraid this update is aiming for some kind of funding for cgx to close the financial gap. If i held cgx i would take the opportunity to move to fec. If you believe this update they havent reached the primary targets yet.. Sold another chunk of fec, now exposed with only 15k$. GLA

[Miftee9]

Do us all a favor, and sell the rest of your holdings and exit from this board.  Better for everyone, especially you.

[soulfire]

Miftee9 I doubt he even has shares. Some people are just downers and never like to see others happy, sad....really sad... GLTA

[IceDog13]

I have been following the Kawa drill from a distance having exited when it jumped to the $1.70s. I really do not understand the market reaction to todays news. CGX is going to put the best spin on this they can but it was very negative in my opinion. Finding hydrocarbons was a given considering the location of the drill. It does not look like they hit a commercial discovery yet, they are way over

[RightAngle45]

I dont think you missed anything.  If I were you I would short the hell out of it..

[Goldy63]

LMAO. $1.330.45 | 51.14%Bid: 1.33 x 4000Ask: 1.35 x 500Volume: 961,205. bURN SHORTS bABABABABA BURN . 

[IceDog13]

I have been rolling this through my head all day and it simply does not make any sense. The release was not positive in my opinion. The price should have fallen.... not risen. They are behind schedule and over budget! The only scenario that I can think of that makes any sense at all is that there is a leak and they do have a commercial discovery. Somebody is buying up a lot of shares... and I

[Ermosp]

We simply went back to where we were 2 weeks ago. The silence was what caused the downtrend. News that we haven't tested the main payload brought it back up. Still not at RO price.