CVE:OYL

0.37
0.00 (0.00%) 1d
0

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COMMENT
CGX Energy Inc.

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
HOLD
CGX Energy Inc.

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
COMMENT
CGX Energy Inc.
(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
COMMENT
CGX Energy Inc.
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
HOLD
CGX Energy Inc.
This venture is not about the level of the drill project but the amount of oil. Results will come out in August.
oil / gas
COMMENT
CGX Energy Inc.
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
COMMENT
CGX Energy Inc.
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
TOP PICK
CGX Energy Inc.
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
COMMENT
CGX Energy Inc.
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
COMMENT
CGX Energy Inc.
Have made some progress on getting close to drilling a well in Ghana. Very expensive. High/risk high/reward.
oil / gas
RISKY
CGX Energy Inc.
(Market Call Minute.) Unlike all the other juniors, they are sitting on a lot of resources.
oil / gas
WEAK BUY
CGX Energy Inc.
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
HOLD
CGX Energy Inc.
(Market Call Minute.) Very interesting as they have now won through all the political rigmarole for starting work offshore Guyana.
oil / gas
DON'T BUY
CGX Energy Inc.
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
BUY
CGX Energy Inc.
Just raised some money and will be undertaking a 6 well program.
oil / gas
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CGX Energy Inc.(OYL-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for CGX Energy Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

CGX Energy Inc.(OYL-X) Frequently Asked Questions

What is CGX Energy Inc. stock symbol?

CGX Energy Inc. is a Canadian stock, trading under the symbol OYL-X on the TSX Venture Exchange (OYL-CV). It is usually referred to as TSXV:OYL or OYL-X

Is CGX Energy Inc. a buy or a sell?

In the last year, there was no coverage of CGX Energy Inc. published on Stockchase.

Is CGX Energy Inc. a good investment or a top pick?

CGX Energy Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for CGX Energy Inc..

Why is CGX Energy Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is CGX Energy Inc. worth watching?

0 stock analysts on Stockchase covered CGX Energy Inc. In the last year. It is a trending stock that is worth watching.

What is CGX Energy Inc. stock price?

On 2024-04-19, CGX Energy Inc. (OYL-X) stock closed at a price of $0.37.