CGX Energy Inc V.OYL

With Kawa initial NR

[dragonfly454]

CGX goes Dragonfly Doji..with Well assessment NR it goes Hammer..With Wei spud it goes White Soldiers with Wei Results it goes Bullish engulfing ...with news of buy out ..To the moon ..but where we at right now we have to put up with BullS#!+ Engulfing for a few weeks ... Oyler22 this post was for you and the other shorts ...we know y'all's love candlesticks... Well Old Gang ..seems it's Friday and we have to sell three shares to get 1 Unholy Donut and a beer ..lol ...but we still better than them shorts out at corner of Maitland and Church St pooling up quarters to buy Vaseline ..SportyJ come buy that rum and coke ..Clouder went all dyslexic and bought 30 million shares in a company that makes artist brushes from roadkill fur with his profit from OYL ...lol maybe you can repaint the rainbow sign for short crew ..

[Dirksidetrack]

Yeah because oyl has no working capital defined as current assets like cash minus current liabilities. They're negative because they have no revenues. Yet. But they now have a whole f of a lot of asset value. Let's see how De Alba turns it into cash and working capital.On paper, to a stock analyst, looking at last quarter's financial statements oyl sucks. But the financial numbers don&

[Gtboy]

Stock prices are based on futuristic earnings potential. We all know that its enshrined in a PE ratio. So if you calculate a P/E ration for CGX this proves my point. Investors have the price where it is now because of potential futuristic perormance beliefs. Thus as soon as those earnings potential becomes more certain, it drives the price upwards.

[Dirksidetrack]

Yes! Gtboy. Current in financial lingo are assets which are cash or can be turned into cash quickly to produce cash revenues. Once De Alba starts turning the Kawa asset into cash this sp will go crazy. He could do that in a number of ways.

[dragonfly454]

GTBoy I rather hold CGX than BitCoin glad I sold BitCoin before crash ..but I still look at short squeeze Camber Energy (CEI) with zero fundamentals that funded me Kawa play ...so it is what it is GTBoy...I wouldn't want to speculate on oil returns from CGX too much ..but with low costs of production and economies of scale opportunities in the Guyana Basin right now I think CGX SP is most