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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 > High Possibility
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Post by dragonfly454 on Sep 16, 2022 8:32am

High Possibility

Good Morning...seems like the Feds dropped the ball deliberately this time..

DST,Clouder,SportyJ,Devanand ..with the latest CPI numbers still showing some heat and that big tank early this week then Triple Witching today will cause some wild swings in the afternoon session then with the algo reset with a possibility of a  full 1% rate hike (Larry Summers talking) mid next week and the scenario with no FOMC meetings in November would have the algo riggers keeping in at least a 0.5% rate hike in November in the formula ..that would cause a severe jolt in the Algo Beast on Monday morning and the recession cat will be out the box ..capitulation will begin today.

FOMC will do an emergency meeting by October 1st..but it might be too late.The algo is set up towards a soft landing but the latest CPI numbers caused an unexpected over reatction in markets and oil ends up being under priced...today to next Friday will be crazy if the feds dont come out early and say look it will be just 0.75 % andwe will see what happens in October and chill until December other than that the old crowd looking to preserve the retirement eggs will rush to T-Bills ..today.

Have fun ..Im out the market except for a few small portfolio window dressers
Comment by BoykJurko11 on Sep 16, 2022 2:03pm
Dfly, 6-month LIBOR broke up over 4% today. Banks are trusting each others credit worthiness less and less. Just look at the LIBOR charts over the last year.Also investors are watching the OIS-LIBOR spread. That was Alan Greenspan's favourite metric. Widening spread means people fear bank liquidity problems. As I understand it, LIBOR, the rates banks lend other banks money at, is the reference ...more  
Comment by a2bman on Sep 16, 2022 2:43pm
Libor is being phased out in less than a year. It has been subject to manipulation, scandal, and methodological critique, making it less credible today as a benchmark rate.
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