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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 > Share price
View:
Post by taal on Jun 27, 2022 4:33pm

Share price

This was not a shakedown similar to that of last Dec when share price hit .88 then eight trading days later we were trading at $2.50....This was a slow drip downwards with No support whatsoever...Lends me to believe that a buyout from Fec is very possible...We probably end up with Fec shares...Oil run has quoted a buyout of $3.00 can't see it that high on a share swap..but certainly on a straight buyout....Share swap looks real good at say $2.00 when share price was manipulated down to $1.00..... Something has to break ...And Soon.... GLTA
Comment by Schreibzey on Jun 27, 2022 5:42pm
Taal, if we have 300m barrels at $3each. FEC is getting away with Wei-1 and the port and everything else in the ground for free. I'm not saying it won't happen, but how on earth are they going to pull this off when they had converts priced in at $3CAD?  One could easily make a case for 600m barrels between Wei and Kawa, high COS, plus port, would put a $2B valuation and nearly $7 ...more  
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