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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 Westcanpride
View:
Post by taal on Aug 13, 2023 5:25pm

Re Westcanpride

As you state everyone knew Fronterra suppressed the share price below 1.63 ...So why did you say the only reason Fronterra  grabbed shares at 1.63 was because the share was over 2.00 before the deal was made.  Fronterra did have the price manipulated down ..so the could take All the shares at 1.63..Ask yourself why????
Ever since Eagle 1 ...the cost overruns at Eagle 
Monies to pay Japan drilling..operating expenses .Monies for thier share of drilling.
Where did you expect Cgx to come up with money..Banks? Hedge funds?PP how could they do a PP just after Eagle was a bust..Fronterra  took a chance and it will pay off for them..I ve called them Gangsters here many times ...but its only buisness...When they did the rights offering at.25 they included All shareholders..they didn't have to
If not for Fronterra we would have been bankrupt Long ago...They saw an opportunity...they took a chance and hopefully  will pay off for them and us holding CGX..
.
Comment by westcanpride on Aug 14, 2023 9:03am
You seem to be giving a tremendous amount of credit to Frontera here. That's fair enough I suppose, they did what they felt was necessary.  Suppose it begs the question, other than maybe a CEO, what that hell has required CGX to keep such an expense management team and associated board of directors? It's clear these bums haven't been able to derive any meaningful "wins" ...more  
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