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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

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Post by JJJRRR on Jan 19, 2023 10:26am

WOW

It's hard to believe that anyone would sell their shares now.
Wait a day, a week, a month, and the odds are incredible for good news, and the higher price associated with it.
Retirement is around the corner.
GLTA
Comment by RightAngle45 on Jan 19, 2023 10:34am
Is the bit going to be rotating this week end ??
Comment by JJJRRR on Jan 19, 2023 10:40am
My guess- spud this weekend- news release Monday. A trading halt only if the share price gets out of hand
Comment by tiger77 on Jan 19, 2023 10:52am
Don't think there is any reason for a Halt.  Everyone knows the rig is either on the way, there, or have started at this point.  The only halt that I see is either on results, someone joining the party or an outright take out but we'll see I guess. Agree in that selling your shares now is like robbing yourself.  Sillyness and shortsighted to take a few pennies when we will ...more  
Comment by RightAngle45 on Jan 19, 2023 11:36am
I think investors are going to want to own some shares going in to the week end. I have about 15 thousand shares and might add another 5 thousand . In my opinion I think it will be well over 2 bucks next week.?
Comment by fishfanactic on Jan 19, 2023 12:25pm
That's a lot of money to put in a speculation
Comment by Stampeder on Jan 19, 2023 12:49pm
Without getting into whether or not the amount of shares represents a lot or little -  It's about the degree of leverage you want to apply to an event that you believe has not been fully valued by the market versus the degree of risk you are willing to accept as an investor.  These answers will be different for each investor. Looking forward to a safe and prosperour drill.  ...more  
Comment by fishfanactic on Jan 19, 2023 1:57pm
I hear ya it's about leverage. Good Luck to US all!!!
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