CGX Energy Inc V.OYL

Up 80% since end of August

[westcanpride]

Might not seem like it, but CGX has made a nice rebound since end August/early Sept when it touched .11 cad. 

It's been a fairly "quiet" rebound, systematically moved upwards by the money managers in a slow but orderly fashion. 

Hopefully it continues towards upwards back to .25 cad and completes the 3 month turnaround. In the absence of any news, best we can hope for while these jokers fiddle in the background.

[CPFStocks1]

I don't understand what can be causing this move, except for the fact that there really is no reason that this stock should be so undervalued. We'll have to wait and see, also Suresh has some options that expire early December.  Maybe something more will  eventually happen. However in the meantime, we will continue to wait and see how things play out.

[westcanpride]

It's a interesting question your raise.  If one recalls, August was around when Jagedo really stated laying into the JV and saying the block was terminated (via his weekly soapbox YouTube videos). That put CGX into a death spiral downwards. Curiously, no official news ever came of it. So in the absence of this, CGX has now slowly recovered all the losses and is back to where it was in

[CPFStocks1]

What also surprises me is that Houlian Lokey cannot find a buyer. There has got to be some worth to this stock even if it is to break even on the costs incurred by Frontera. Radio silence suggests that De Alba made promises of large returns to Gramercy and Catslyst he cannot get what he promised and the recent SIB was to get them some money, to buy time for Houlian Lokey.

[Frank007]

I,m almost out of this p o sh...t again......spent the money on frontera ..wow it now down to $7.53.....lol .....what a con game ...back and forth ...back and forth ...dack and forth....lol.