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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 > Trading
View:
Post by taal on May 15, 2024 10:23am

Trading

In the last week or so the majority of the shares have be done by CIBC and Anonymous...Back and forth trading..This morning  for instance  Cibc buys 8000 shares from Anonymous on the ventures and 20 min later on the Alpha exchange Anonymous  buys the 8000 shares back from Cibc..Ask yourself ...there were over 400,000 shares traded the other day ...the majority Cibc and Anonymous...Who at this stage of the game is truly selling thier shares...I highly doubt any longterm shareholders...Then Who??? This share price manipulation is so obvious its funny...
Comment by Schreibzey on May 15, 2024 11:17am
To this point, both Anon and CIBC are net buyers in the month of May....along with Raymond James which ironically had that large overhang sell order while the short borrow rates were high. Good news, the short borrow rate has also been the lowest in a few years since 9 May 2024, both on the US side and Canada. 
Comment by Kelvin on May 15, 2024 12:25pm
But how do they make any serious money? I watch bte with usually over 6 million shares traded daily, the other day over 11 million, swing over $1.50 in cycles up and down over a couple of weeks. It's down now, then some analyst or talking head will pump it and up she goes. Or some news out of the mideast that scares people into thinking that a supply shortage is imminent or a mass of iguanas ...more  
Comment by Frank007 on May 15, 2024 9:44pm
No volume for sure ...lol ...every share is accounted for and there are no sellers or buyers ...just a holding pattern ...I guess hoping for a farm down ....Kcac has the best idea ...the down side from here ....well unless an aguana eats the rig or something ....maybe a metiorite bring 20 bilion barrels ....? It's getting that stupid here .....lol
Comment by Frank007 on May 15, 2024 11:55pm
Nobody ...and I mean nobody borrows a $.33 cent stock to short it ...it naked shorted to keep the share price in a range ...not shorted ...traded daily to manipulate the shares that's all this is about .... Td Jamin's James ..annonymous cibc l..you can see who is doing it ...good luck ...I buy as the price goes to  stupid levels ..$.315 ...how that ...$.32 again ...what a crock of ka ...more  
Comment by Frank007 on May 15, 2024 6:52pm
I am sure glad I am not the only one that can see the wash trading ...it designed to shake you out of your shares ...lol good on you for reporting it ...!
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