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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 > Accumulation of shares
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Post by westcanpride on Jul 12, 2023 9:59am

Accumulation of shares

Is incredibly easy right now for the bullish retail investor. Tons of big blocks have been floated around these past couple weeks... and when they get taken out, the price always falls again on tiny volume. As long as news remains absent, this buying opportunity will continue.
Comment by Kelvin on Jul 12, 2023 11:16am
Wcp, 11:11 am over 1.6 million shares of bte traded. Lots of liquidity. You can get in or out of bte very easily. Oyl few want to risk selling and few want to risk buying cause they don't want to get trapped long or short. So the bad news for longs is that there is little buy interest. The good news is that there is little sell interest. Everybody is "waiting still".
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