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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 Schriebźey
View:
Post by taal on Jan 30, 2023 11:30pm

Re Schriebźey

If I understand you correctly...By excersiseing at .495 on jan25 and the difference in the closing price on that date of $1.29 he would be responsible  to pay Income tax say at a rate of 37%...Then his cost base would be 1.29 and from that amount to whatever price he disposes his shares at lets say 3.29 he would pay capital gains on total shares x 2.00....If that is the case then you would want to trigger your income tax portion at lowest price possible...which is bullish in that he believes the price he triggered options was Low....Pay a small amount of income taxand large amount of Capital gains...Can you please confirm
Thks
Comment by rinagek on Jan 31, 2023 8:08am
This post has been removed in accordance with Community Policy
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