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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 > Someone
View:
Post by soulfire on Jul 20, 2023 12:52pm

Someone

probably holding it down to get the best deal to fund the overage.
Of course Suresh has no clue how to raise funds, he has to go to big daddy. Absolute DEAD WEIGHT!!!
Hope they started working on a deal pending results.
We need to keep emailing both companies demanding more clarity.
I did already, no reply as yet.
We collectively have to keep doing it though.
Comment by Kelvin on Jul 20, 2023 1:04pm
Yes Soulfire I agree. Everybody needs more information and clarity. In other words something solid in order to base investment decisions on. There would not be any "shake, shake, shake" if someone weren't instantly takung out $1.22 asks with bids much higher with volume much higher. The lack of interest in this play is obvious to all and it confounds me. 
Comment by soulfire on Jul 20, 2023 1:14pm
There is not a lot of float and a lot of long time shareholders are not selling. this fact leaves very little to trade. FEC owns most of the shares. The only way for them to get out is an outright sale. I take comfort in the fact of them owning so many shares. They, in the end, will want the best value.
Comment by Kelvin on Jul 20, 2023 1:50pm
Soulfire, well if that's the case where few shareholders are willing to sell at these prices then that begs the question of at what sp are they willing to sell at? Positive news could have this sp go to the moon because bidders would continue to up their bid to get into the action. Yeah I see your point exactly. 
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