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Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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 conference
View:
Post by taal on Aug 12, 2023 3:26pm

Re conference

Why should Fec pay cgx any premium ...Well for one Fec is holding onto 250,000,000 shares of Cgx .I would think they may want too dollar for thier shares
Comment by Kelvin on Aug 12, 2023 3:44pm
Take it to its most extreme limit Taal. Cgx bankrupt, delisted, sp is zero cause there ain't no cgx shares. Yet fec has 100% of Corentyne. So as long as the value of Corentyne is greater than their loss in cgx share holdings then fec will do great. Win-win for them. Cgx gotta find money independant of fec somehow. 
CGX Energy Inc
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