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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 > News to Come...
View:
Post by westcanpride on Apr 21, 2022 1:56pm

News to Come...

Its looking like the next meaningful news release will be in early May when both Frontera and CGX release their 1Q results. 

Hopefully we get lucky and they finally tell us what in the hell Kawa-1 actually discovered for fluid content and net pay thickness relative to pre-drill age groups. If these fools fail to do this, the share price likely will plumment down again to $1 CAD. Something has to give and hopefully everyone in both CGX and Frontera start treating new releases more seriously.
Comment by waitingstill on Apr 22, 2022 8:41am
I am betting news comes before Q1 results. I am feeling LUCKY! Lol. Let's go CGX. Get it on! Enquiring minds want to know what is in Kawa.
Comment by King44 on Apr 23, 2022 1:50pm
I just wanna see another 3.50 or 4 dollar some time soon. Next couple weeks or so if possible. But management seems to be slow.
Comment by westcanpride on Apr 25, 2022 8:42am
Nothing this morning unfortunately waitingstill. Looks like this week will be another wasted one for CGX stock (realistically). 
Comment by Harel1976 on Apr 25, 2022 9:37am
i dont think its a wasted week, all long term investors shouldnt care about the sp at the moment, the only thing that metters is wei-1 delivering a discovery, if it will then the sp will rocket. a release about kawa that the oil came back from the lab and its high quality oil and so cgx has 200m boe of net reserves is not realistic by my view. but if cgx will drop to the 80's/90's its a ...more  
Comment by westcanpride on Apr 25, 2022 10:34am
I disagree Harel, for a couple reasons: a) CGX did spike upon Kawa-1 news... and we should have stayed above $3 CAD if it wasn't for a horrific worded press release/deliberate attempt to push the share price down to benefit a couple of Short seller money managers. I still content a serious investigation into CGX/Frontera management  (particularly De Alba, since he has his hands in all ...more  
Comment by Ermosp on Apr 25, 2022 11:09am
All cgx investors should care about is Wei? There is $100M of potential dilute between here and Wei. People overindex here on the geology. This company is in the doghouse because no one can have any realistic idea of the financial situation of the stock. The dilute could be at $.50. No one has any clue Plus, they need to just come out and admit they fed up Kawa - $120M and no MDT, no cores. ...more  
Comment by waitingstill on Apr 25, 2022 12:16pm
What you still say they f'ed up Kawa if they produce reasonable results in an update? If so, what would you expec tthe SP to do then? Just wondering because they said they would update the market once results were back. What if that actually happens (although this is CGX! Lol).
Comment by Harel1976 on Apr 26, 2022 5:58am
i think good news from kawa will triple the sp, but from my experience the chances for that kind of news are very very low. thats why i look at wei as the last bullet in the gun, success and cgx will be able to farm out, failure and my guess is a sell by frontera to cover as much of the debt as possible with nothing left to the pi's.
Comment by CLOUDER on Apr 22, 2022 12:40pm
well,  if  FEC  is financing CGX at $2.30 ish U.S.$ asper the last news release for the next drilling.   i think that there is GOOD news  a comen,  i am not here yet but i can buy the shares i did have  5 months ago and i made real good  man.
Comment by King44 on Apr 23, 2022 1:50pm
I just wanna see another 3.50 or 4 dollar some time soon. Next couple weeks or so if possible. But management seems to be slow.
Comment by Ermosp on Apr 23, 2022 7:19pm
I can be patient waiting for upside, what makes me nervous is how much downside this stock has from the costs for Wei and the Port. And that depends on Kawa results + frontera's generosity
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