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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 > Over thinking
View:
Post by Frank007 on Jan 19, 2023 10:23am

Over thinking

The management know how and when to use leverage ....just examine the debt structure of Frontera ....nothing due until 2028 and low ratio....the port is grand canal industries and is currently totally funded but will finance the cranes     They have a lay down yard to dry stack both containers and supplies needed for the oil industry ....do not over think this one  a variety pack of opoertunities
Comment by BoykJurko11 on Jan 19, 2023 10:42am
Yeah love their debt structure. Not that exposed to floating interest rates that are plaguing many companies and home mortgages alike.  Read your comments as well as Sporty's on the fec board. Bang on! Kcal also provided great analysis. Yep lots of possible paths forward. One of which is forestry with Guyana's incredible abundance of prized, very scarce wood like Pui. That port ...more  
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