CGX Energy Inc. | StockChase
15
CGX Energy Inc. (OYL-X)

Last Price Recorded: $0.0850 on 2017-11-16

ON STOCKCHASE SINCE Jul 2004

oil/gas

CGX Energy Inc.


Signal Opinion Expert

2013-04-26

COMMENT
CGX Energy Inc. (OYL-X)

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.

oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.115
Owned: Yes

2013-02-22

HOLD
CGX Energy Inc. (OYL-X)

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.

oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.145
Owned: Yes

2012-07-13

COMMENT
CGX Energy Inc. (OYL-X)
(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?
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.430
Owned: Unknown

2012-06-15

COMMENT
CGX Energy Inc. (OYL-X)
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.
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.550
Owned: Unknown

2012-04-27

HOLD
CGX Energy Inc. (OYL-X)
This venture is not about the level of the drill project but the amount of oil. Results will come out in August.
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.770
Owned: Yes

2012-02-10

COMMENT
CGX Energy Inc. (OYL-X)
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.
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $1.320
Owned: Yes

2011-11-30

COMMENT
CGX Energy Inc. (OYL-X)
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.
oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $1.060
Owned: No

2011-11-11

TOP PICK
CGX Energy Inc. (OYL-X)
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.
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.920
Owned: Yes

2011-02-09

COMMENT
CGX Energy Inc. (OYL-X)
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.
oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $0.890
Owned: No

2009-12-07

COMMENT
CGX Energy Inc. (OYL-X)
Have made some progress on getting close to drilling a well in Ghana. Very expensive. High/risk high/reward.
oil/gas
Glenn MacNeill, P.Eng.

CIO & Sr. Portfolio Manager, Lawrence Asset Management

Price: $1.160
Owned: No

2008-11-28

SPECULATIVE BUY
CGX Energy Inc. (OYL-X)
(Market Call Minute.) Unlike all the other juniors, they are sitting on a lot of resources.
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.315
Owned: Unknown

2008-05-14

WEAK BUY
CGX Energy Inc. (OYL-X)
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.
oil/gas
Jonathan Baird

Global Value Fund Manager, Nexgen Financial

Price: $2.850
Owned: Unknown

2008-02-21

HOLD
CGX Energy Inc. (OYL-X)
(Market Call Minute.) Very interesting as they have now won through all the political rigmarole for starting work offshore Guyana.
oil/gas
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $3.420
Owned: Unknown

2008-02-04

DON'T BUY
CGX Energy Inc. (OYL-X)
Have offshore property in Guiana and the prospect is absolutely massive. Very exciting story, but this is one of those stocks that has an all right balance sheet but not even close to what it will cost to drill some exploration wells. Will have to strike a deal with a major. Looking pretty pricey. Consider taking some profit.
oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $3.650
Owned: No

2004-07-30

BUY
CGX Energy Inc. (OYL-X)
Just raised some money and will be undertaking a 6 well program.
oil/gas
Alex Squires

Managing Partner, Brant Securities Ltd.

Price: $0.630
Owned: Unknown

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