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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 > Our consistent close
View:
Post by nowanzen on Feb 24, 2022 3:45pm

Our consistent close

This last week we have closed very close to 2.84 each day. This looks like a steadying of value to allow an attractive private placement. We gotta' raise funds somehow if we hope to unlock the treasure chest. It's just a thought.... GLTA
Comment by waitingstill on Feb 24, 2022 5:27pm
Agreed. Seems like some sort of money raise with price pegged relative to $2.84. Seems like someone wants it here for a reason.
Comment by jada13 on Feb 24, 2022 10:48pm
Looking at the weekly charts, to me its  just the bottom hanging on till the weekly time of no news brings it down further.
Comment by Coloradobuff on Feb 25, 2022 12:01pm
My only estimation is they are calculating a buyout or partnership and need the price fixed so they can give a certain premium. If the pricie gets away from the acquirer could be more expensive. Thoughts waiting still and others?
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