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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 > Re valuation
View:
Post by taal on Aug 24, 2022 9:02am

Re valuation

Sporty thats something that we will never know if in fact they did get a better offer...im sure they did ..but are gambling the Wei comes through ...to make that deal or any deal that much sweeter...Your are right Dealba doesn't care for us minority shareholders..But does care about his personal 1.5 million options..so we are All sailing in the same boat and All going in the same direction...Fronterra would Not have forked out close to $75 million for shares at $1.63 if they didn't think that there was a very good chance of recovering and making a good profit on that investment...They obviously know much more than they are revealing....This company is being set up to be sold....Fronterra is being greedy ...But maybe for Good reasons...
Comment by Coloradobuff on Aug 24, 2022 12:19pm
It's only good if they had offers for 4$ and end up getting 10$ a share. 
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