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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 > You're not helping your stock price
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Post by LCSulla on Nov 12, 2023 11:29am

You're not helping your stock price

By creating a sense of panic. By threatening to sue them into bankruptcy. What goes down 45 percent can go up 90 on Monday.  The news is not all bad.  Still waiting for santonian logs is what it is.  Sell the port for 500 mil and market cap of 127 mil would be a part 1 of 2 payday. Chill.  I don't like the uncertainty more than anyone but they wii figure it out and make everyone whole and then some.  Then let's see where the oil play pans out for part two of deal which is still in play.
Comment by Strawboss1 on Nov 12, 2023 11:53am
A couple questions ! )  Do you think that they have given shareholders misleading information to cause panic, for shareholders to sell shares.? 2 )  Do you think that they have out right lied to investors ?
Comment by LCSulla on Nov 12, 2023 12:08pm
I think they are dealing with the hand that is dealt. I  think they should be more forthcoming with information but each day I am sure they are on the phone trying to work a deal. It's obviously not the motherload but they have two valuable properties. When does Bluefin  nextdoor finish?  How much of the port does cgxef own?  Thoughts to ponder.....
Comment by westcanpride on Nov 12, 2023 11:54am
The problem with the your post, more than anything, is that these guys have been given ample time to make things right. For some on this forum, over 20yrs. For a normal run organization, I would agree with your post 100%.  The primary reason many invested, and stayed invested, was because of the oil opportunity. For them to be flushing this down the toilet now due to stupidity and ulterior ...more  
Comment by Strawboss1 on Nov 12, 2023 1:01pm
You never answered my two questions, so I will take it as a no to both. Are you an insider of the company ??? Are you a paid pumper ??? I see you are a stockhouse member for 5 days ????????????
Comment by LCSulla on Nov 12, 2023 1:16pm
I do not think no information is the same as misinformation.  It may cause concern and disgust and cause a holder to sell. Wouldn't blame them a bit.  I still see a play here.  It definitely hasn't been easy money.   I don't post on social media as a rule. Made the exception for cgxef since I have a large stake and I think with all the damning cynicism being ...more  
Comment by Strawboss1 on Nov 12, 2023 1:55pm
You dont think that no information is the same as miss information ??    Well you dont have to think anymore because they provide both, and how good is that.? That is why it is either a scam or they dont have a clue of what they are doing  and hence the reason we are where we are today. You say that a stock can go down 45 % one day then go up 90 % the next then you no its crooked ...more  
Comment by Kelvin on Nov 12, 2023 2:00pm
Oh for crying out loud LCSulla. You can create any "truth that you want from a body of facts by promoting those facts that support your agenda and supressing those facts that cintradict your agenda. That's the essence of propaganda. Example: A neighbour hates me. He sees me carrying a brand new TV into my house. Meanwhile another neighbour has his TV stolen. The neighbour who hates me ...more  
Comment by Kelvin on Nov 12, 2023 2:16pm
Further to my last they talk about a third party expert analysing the info and samples from Wei. Who???
Comment by Devanand1 on Nov 13, 2023 6:39am
I agree with you that no info is not the same as misinformation. However, it would go a far way if the company is more open in responding to the shareholders  questions and concerns. This lack of response is forcing everyone to create their own expectations that manifest itself into what we are now experiencing. Don't know if you are close to management or not, but if you are, you should ...more  
Comment by Kelvin on Nov 13, 2023 7:17am
Well Dev, this morning I am buying in at market. Speculative bet, I know. I am betting that they just need to prove up Maas and Campanian recoverable reserves. DST at Kawa might do that. 
Comment by Kelvin on Nov 13, 2023 7:48am
Further to my last. I got a message that I'm using the wrong terminology. You only DST (drill stem test) when you have drill string in the hole when drilling. Change my reference to DST to flow test with testing string in the hole. Lol, I knew it! There's lots of oil patch knowledgeable people on this board who don't say much. 
Comment by SportyJ on Nov 13, 2023 7:58am
Dirk, you're not alone with your line of thinking. Oil_run over on ST posted a list of questions a few days ago.  Number 6. was as follows: What is the status of the Wei well? Can the well be re-entered / tested at some future time? Or, has it been abandoned?
Comment by Kelvin on Nov 13, 2023 8:40am
Yes Sporty, I have a bunch of questions pending that I have asked my little network of specialists. So far, I understand that a permanent abandonment is a series of bridge plugs with cement plugs on top with well head cut off. A temporary abandonment is the above but with the well head not cut off with a "dry hole plug" installed in the well head. This allows for re-entry. Remove the dry ...more  
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