CGX Energy Inc V.OYL

Trading

[taal]

My opinion on the trading the last few days...
Our share price has been in decline for close to a year now..Was this regular market activity  or by design..I tend to think by design...It is Blantantly  obvious how this stock price has been manipulated....Now on Friday we had close to 400,000 shares traded and price increased 46 %.
With No news...Was it a leak or was it that cgx transferred shares to a tax haven...Million dollar question...Now on yesterday's trading I think the stock held up well..On Friday is was very minimal shares that got us from 19 to that 22 so in fact yesterday we held that gain...What that tells me is that if we start to move north in the next day or two on good volume ...then it was a leak ...if we don't then it was because of the transfer of shares and we may have to wait a while...Both scenarios are positive for our share price.Keep in mind that if and when we get there our major resistance  that.42.....43 range...If we cross that on good volume its open sailing...The remainder of this week's trading should tell the tale...Good Luck Everyone......

[a2bman]

it was only like $50-70 grand total, for individual houses was more like 20gs max i think it was bmo. Not much to write home about.  if it was an insider leak, it was a rookie investor about to get htem all in trouble if this thing does pop

[westcanpride]

Any positive momentum on CGX is definitely welcome Taal. As we can see on the US side, a massive iceberg of shares exist at .15 usd. For anyone to suggest CGX is traded with any form of natural free market flow is delusional. CGX is as manipulated as they get.  After tomorrow, Frontera's joke of a SIB finally ends. Hopefully following this, news finally starts coming out from both CGX

[a2bman]

You sound like frank and make about as much sense.  Only way i see any of this as positive is if the 2 large fec shareholders use the 4% with premium to buy oyls shares. anything else just looks like there getting stock out from pissed of funds, so they dont kill market on them

[a2bman]

WCP what if the sib was a way to get a premium into the funds hands so they can use the money to buy up oyl before the sign a deal, start a campaign and make us some fricken money

[westcanpride]

Always possible but I doubt it. I think entities like Catalyst Capital need the money. This scheme of overpaying ~50% is just a clever way of funneling cash back to them. All told, Frontera is likely overpaying ~ $14 million CAD to buy shares at $12cad as opposed to the share price over the last year.  Imagine if Frontera management spent that $14 million on getting those extra tools

[CPFStocks1]

The fact that they are willing to pay a premium for the FEC indicates to me that their investments are not worthless. So we will wait for the outcome. I agree we will continue to have a manipulated stock price until they can no longer keep the news under wraps.

[a2bman]

Wvp I agree on they could have done better with the money and probably catalysts needs money but it's still only 50% premium on 4%. So like a2% dividend.  Not much.  It would be difficult to put more money in cgx from fec.  What would they take, for it, the rest of the fricken thing.  If you think about it the stock went from 725 to 825.  That's what + 80mm