CGX Energy Inc.

OYL-X

Analysis and Opinions about OYL-X

Signal
Opinion
Expert
COMMENT
COMMENT
April 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.

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CGX Energy Inc. (OYL-X)
April 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.

HOLD
HOLD
February 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.

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CGX Energy Inc. (OYL-X)
February 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.

COMMENT
COMMENT
July 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?
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(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?
COMMENT
COMMENT
June 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.
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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.
HOLD
HOLD
April 27, 2012
This venture is not about the level of the drill project but the amount of oil. Results will come out in August.
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CGX Energy Inc. (OYL-X)
April 27, 2012
This venture is not about the level of the drill project but the amount of oil. Results will come out in August.
COMMENT
COMMENT
February 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.
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CGX Energy Inc. (OYL-X)
February 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.
COMMENT
COMMENT
November 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.
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CGX Energy Inc. (OYL-X)
November 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.
TOP PICK
TOP PICK
November 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.
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CGX Energy Inc. (OYL-X)
November 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.
COMMENT
COMMENT
February 9, 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.
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CGX Energy Inc. (OYL-X)
February 9, 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.
COMMENT
COMMENT
December 7, 2009
Have made some progress on getting close to drilling a well in Ghana. Very expensive. High/risk high/reward.
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CGX Energy Inc. (OYL-X)
December 7, 2009
Have made some progress on getting close to drilling a well in Ghana. Very expensive. High/risk high/reward.
SPECULATIVE BUY
SPECULATIVE BUY
November 28, 2008
(Market Call Minute.) Unlike all the other juniors, they are sitting on a lot of resources.
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CGX Energy Inc. (OYL-X)
November 28, 2008
(Market Call Minute.) Unlike all the other juniors, they are sitting on a lot of resources.
WEAK BUY
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.
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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.
HOLD
HOLD
February 21, 2008
(Market Call Minute.) Very interesting as they have now won through all the political rigmarole for starting work offshore Guyana.
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CGX Energy Inc. (OYL-X)
February 21, 2008
(Market Call Minute.) Very interesting as they have now won through all the political rigmarole for starting work offshore Guyana.
DON'T BUY
DON'T BUY
February 4, 2008
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.
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CGX Energy Inc. (OYL-X)
February 4, 2008
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.
BUY
BUY
July 30, 2004
Just raised some money and will be undertaking a 6 well program.
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Just raised some money and will be undertaking a 6 well program.
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