Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

Add To Watchlist

TSXV:OYL - Post Discussion

CGX Energy Inc > Stupid or corrupt

View:

Post by Frank007 on Dec 08, 2022 9:19am

Stupid or corrupt

These baffines states. Everything was contingent on $100 Brent....they could have locked in hedges when the price was 120 ......instead they waist money buy in shares @ $12. When anyone could buy them on the open market for $10 ...lol either they are smoking that Columbia weed or they are stupid stupid stupid

193

Comment

Comment by 1StewPidBatPiss on Dec 08, 2022 10:06am

Geez Frank, you don't even know how to spell Colombia correctly. Not that your mispelling refutes your post. But when you go on about Colombian weed then it does. Most Colombians hate weed and coke because of the problems they bring because of various turf wars by drug gangs and wish that North Americans and Europeans would quit consuming it. As far as hedges go check out Baytex (bte), meg etc ...more

168

Comment

Comment by stormin1 on Dec 08, 2022 10:22am

Franky, Do you understand the concept of backwardation. You never could have locked in anything near $100 crude in the forward future markets!

152

Comment

Comment by Frank007 on Dec 08, 2022 10:24am

Bargain.....and I can not type very well hence the spelling.....if it such a bargain. Why is cibc , Goldman, Morgan Stanley , shorting the stock ....and now you can buy options if you look you can see no one is loading up even to cover there shorts ....

231

Comment

CGX Energy Inc