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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 > Is it True?
View:
Post by Miftee9 on Aug 30, 2023 11:34am

Is it True?

Hoping what i am hearing is true. Management gonna show up to the meeting tomorrow and take questions from us angry shareholders. I cannot attend but I hope some of our more knowledgeable posters will be attending so they can ask the tough questions. The latest deal is an embarrassment, hopefully one of the questions is how did they come up with 4.7% on the overrun, seems extremely costly. Frustrated but still bullish.
Comment by soulfire on Aug 30, 2023 12:03pm
And how the analyst from Simply Wall Street arrive at this valuation the very next day with 2 discoveries. Why is FEC, the largest shareholder not furious?  Is Suresh still need at CGX? Is there a confidentiality agreement in place, who are they talking to? How does DeAlba sit on both boards, where does his loyalty lie and how did this slip by the Securities Commission? Among other things...
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