PBH-T 1.17 ALA-T -0.05 WCP-T 0.04 SAP-T 0.19 CCA-T -0.41 TOI-X 4.88 BYD-T 2.44 CSU-T 136.84
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Jonathan Baird CGX Energy Inc. OYL-X WEAK BUY May 14, 2008

Prospecting for offshore oil in Guiana. There was a border dispute between Guiana and Suriname that affected their holdings. Settled favourably and stock shot up but has since pulled back. Holdings are deemed to be highly prospective with a potential for billions of barrels of oil eventually. Still early days. Doesn't expect much production before 2012. Very attractive risk/reward holding.
Jonathan BairdJonathan Baird
Unknown
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$2.850

Stock price when the opinion was issued

oil gas
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COMMENT

CGX Energy Inc.(OYL-X)

Dec 07, 2009
Have made some progress on getting close to drilling a well in Ghana. Very expensive. High/risk high/reward.
Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
No
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$1.160

Stock price when the opinion was issued

oil gas
COMMENT

CGX Energy Inc.(OYL-X)

Feb 09, 2011
Exploration offshore Suriname and Guyana. Set to drill their first super-super high impact wells in Q3. Market cap is already discounting a large degree of success. 90%-95% chance of failure. Doesn’t like pure exploration names but prefers companies that are cheap on existing production where he gets the upside for free.
Eric NuttallEric Nuttall
No
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$0.890

Stock price when the opinion was issued

oil gas
TOP PICK

CGX Energy Inc.(OYL-X)

Nov 11, 2011
Oil. Drilling for elephants in northern South America. This company controls the 2nd biggest landholding of the whole play. There are a lot of big companies in the area. They should start drilling in the next couple of months. Has never seen anything with this kind of upside.
Jaime CarrascoJaime Carrasco
Owned
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$0.920

Stock price when the opinion was issued

oil gas
COMMENT

CGX Energy Inc.(OYL-X)

Nov 30, 2011
Very high risk, high reward name. Will be drilling a very high impact well off the coast of Guyana. Make sure it is a very small portion of your portfolio.
Eric NuttallEric Nuttall
No
Unlock Rating
$1.060

Stock price when the opinion was issued

oil gas
COMMENT

CGX Energy Inc.(OYL-X)

Feb 10, 2012
Currently drilling 2 wells in partnership but slated to start their own well very soon. Very big potential because they are in the Guyana basin. Could be a takeout candidate if they have a discovery. Speculative.
Jaime CarrascoJaime Carrasco
Owned
Unlock Rating
$1.320

Stock price when the opinion was issued

oil gas
HOLD

CGX Energy Inc.(OYL-X)

Apr 27, 2012
This venture is not about the level of the drill project but the amount of oil. Results will come out in August.
Jaime CarrascoJaime Carrasco
Owned
Unlock Rating
$0.770

Stock price when the opinion was issued

oil gas
COMMENT

CGX Energy Inc.(OYL-X)

Jun 15, 2012
Participated in this company since 1998. All along it was complete speculation. If they find the oil it will group and if they don’t it will go down. That last well they drilled was dry. They did the hole to meet a drilling commitment. They were able to raise money in this market when no one else could raise money. Results again in late summer.
Jaime CarrascoJaime Carrasco
Unknown
Unlock Rating
$0.550

Stock price when the opinion was issued

oil gas
COMMENT

CGX Energy Inc.(OYL-X)

Jul 13, 2012
(Market Call Minute.) He is cautious. If they don't find the oil, this is going to go down. If they find it you will be very well rewarded. Are you comfortable losing this money?
Jaime CarrascoJaime Carrasco
Unknown
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$0.430

Stock price when the opinion was issued

oil gas
HOLD

CGX Energy Inc.(OYL-X)

Feb 22, 2013

Company is stuck for now with the issue of reissuing licenses and they need to find money again. Have been in this predicament before and have always raised money. There is a possibility of a massive oil find just north of Guyana. The problem is that over the years they have diluted the stock but from the current price, it is still pretty high from what the possibility could be.

Jaime CarrascoJaime Carrasco
Owned
Unlock Rating
$0.145

Stock price when the opinion was issued

oil gas
COMMENT

CGX Energy Inc.(OYL-X)

Apr 26, 2013

Did a shareholder vote and Pacific Rubiales (PRE-T) will be assuming the management of the company. Drilling off the coast of Guyana. Got to about 1000 feet of the target. Because of gas creating a lot of pressure, they couldn’t finish the drilling. Potential is still there and could be a world-class discovery. Pretty good play going forward but it is risky and a speculation.

Jaime CarrascoJaime Carrasco
Owned
Unlock Rating
$0.115

Stock price when the opinion was issued

oil gas

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