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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 > Guess finding 177m ft means nothing to the share price...
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Post by westcanpride on Feb 02, 2022 10:05am

Guess finding 177m ft means nothing to the share price...

I truly thought CGX would have surpassed $5 CAD yesterday, just on momentum alone (hell, it should have.. over 5 million shares traded on a thinly traded stock like CGX, to only go up 30% is a joke I think, especially on major positive news)... well, it was well on its way until the money managers decided to play games again. Look at how the price magically stagnatted at $3.65-3.75 CAD for close to 4hrs yesterday despite over 2 million shares (all exchanges) traded at this level. Everytime it wanted to go up, new 50,000-150,000 share walls magically appeared. Then this morning, a 10% drop on less than 500,000 shares traded in the first 15min... yeah, totally natural.
Comment by FatsDomino on Feb 02, 2022 10:08am
you should look deeper into why this stock went from 90 cents to $ 3 BEFORE any results were released. There are many red flags here. I would be asking questions of all the stock twits and twats that were pushing this so hard.
Comment by bazilfawlty on Feb 02, 2022 10:16am
yes Lumberjack  tree shakers are back at it. I was in Horn with the Somalia gun boat attack and exited at that time.  Kept my eyes on oyl later ....missed out  holding from .43 but  not  worried....world class area proven.  back in a couple of months back. Excited for the future here.  Shorts pushing  SP down to cover ( cutting losses by buying at higher ...more  
Comment by soulfire on Feb 02, 2022 10:17am
wcp this will happen everyday now until they get their fill, only then it will move up. Where is IIROC now? it went down 10% Give it a few days
Comment by Coloradobuff on Feb 02, 2022 11:15am
 https://financialpost.com/investing/the-secret-trading-strategy-from-the-1930s-that-hedge-funders-dont-want-you-to-know-about this is exactly what's happening WCP. You have to spot the patterns and buy accordingly. 
Comment by westcanpride on Feb 02, 2022 12:28pm
Coloradobluff... cool article. Definitely appears that is happening with CGX... albeit on a daily basis it seems and quite blatantly for that matter. Great example is Friday last week with a massive drop, to then magically spike Monday morning before the halt. 100s of previous examples also.  Guess at this point, the market has digested the oil discovery news. They now want specifics ...more  
Comment by Coloradobuff on Feb 02, 2022 12:43pm
If the stock drops back in the 2$ could be a good add, as it's de-risked IMO.  I like she drills analysis very thorough and makes sense. As far as all the negative and short people on here not really interested in their opinions as not unbiased. 
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