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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 > 52 week lows
View:
Post by westcanpride on Dec 04, 2023 12:49pm

52 week lows

That is where both FEC and OYL now sit... truly remarkable. Congrats management, you have managed to take something special and flush it down the toilet for numerous shareholders. Truly no words that can be used to describe how much you have fuc*ed things up. 

Next weeks virtual meeting will be interesting. It's super easy to go into a online presentation with messages that you want relayed.... will they actually open the floor to external questions and actually provide meaningful technical answers that might differ from their "rehearsed" responses? At this point, lying/misleading investors sure as hell has not done them any favors... maybe for once they could actually take this opportunity seriously!

Comment by waitingstill on Dec 04, 2023 12:59pm
We can only hope they answer real questions, provide valid technical insights and release at least the Maas numbers from an independent resource report which i am guessing they have. We need to keep the pressure on both companies to release that info as it is material to cgx as noted by our horrid SP.
Comment by westcanpride on Dec 04, 2023 1:27pm
Would also be nice, in addition to subsurface Q&A, if they got hammered on their sand castle project (port). That bloody thing is also a embarrassment and should demand some serious investigation into timelines, further costs, etc. 
Comment by waitingstill on Dec 04, 2023 6:12pm
Of course we all want answers to all their f-ups over the past few years that have cost us millions of dollars collectively. BUT, IMO, we need this CC to be VERY positive on all fronts. We do not need negative accusations and negative responses. What we should be able to find out is how many hundreds of millions of barrels of oil Maas zone has and how this guys are going to monetize it for us. The ...more  
Comment by westcanpride on Dec 04, 2023 9:02pm
I think the strategy, waitingstill, has to be one demanding honesty. If these jokers dance around the edges and don't provide legitimate answers to questions, they should be called out on it by attendees.  example: please explain what criteria you used to define net pay. And how is this criteria deserved? answer: well you know, we applied industry standards and feel they are fair.  ...more  
Comment by Frank007 on Dec 04, 2023 10:36pm
All I can see is stall  efforts to shake people out of their shares ....pretty sure that's what's going on here ....
Comment by waitingstill on Dec 05, 2023 2:26am
No doubt wcp. They need to be honest and clear but hopefully we can focus on the positives. It is clear that S zone was not as clear cut as we had hoped and like will need many more holes to define what it will be worth and cgx will not be around for that unfortunately for shareholders. So we can reasonably focus on the positives and get our SP moving in the right direction before any suitors come ...more  
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