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CGX Energy Inc V.OYL

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  CGXEF

CGX Energy Inc main business activity is petroleum and natural gas exploration in offshore Guyana, South America.
Price: $0.34 | Change: +$0.02 | %Change: +6.25%
Volume: 1,000 | Day High/Low: 0.34/0.34 | 52 Week High/Low: 1.20/0.18


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RE:PRE

You in Colorado?  rate and reply
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PRE

It is advantages for PRE to get the OYL price up to a couple dollars and then get it financed with institutional investors as they own most of the OYL shares. If PRE gets bought out they can...read more
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RE:RE:RE:Should move to a couple dollars

Am just being rational. I originally bought 300,000 shares od CGX at around 50 cents when it bottomed there after a number of years.  rate and reply
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RE:RE:Should move to a couple dollars

Hmmm, I think I would classify it more accurately as a "fantasy" as opposed to a "dream". And who says fantasies can not come true... pommerac, you are such a pessimist! LOL  rate and reply
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RE:Should move to a couple dollars

you mean the "dream" is much bigger-big difference-Eh?  rate and reply
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RE:Should move to a couple dollars

Can you describe the PRC deal?  rate and reply
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Should move to a couple dollars

If PRC can get financed the way they did I think the PRE guys are just as capable and with the prize being much bigger it would be more attractive. PRC is trading at 65 cents with close to 1 billion...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

That will depend on how attractive the deal is and the competition for being a partner in the JV.  rate and reply
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

If there is a farmin the farmee will pay the drilling and completion costs. The farmee will not pay any cash to CGX.  rate and reply
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

I agree with your post. Pre wants a farm in and I expect whoever is in the JV will also pay CGX $$ and carry their share of the drilling.  rate and reply
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

I think the simple fact that the share price has gone up a nickel in the last few weeks is reason enough to believe that investors have faith that PRE and CGX will be making money for years to come...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

CGX is going to be diluted a fair amount, either with a financing, or indirectly with a JV/Farmout. Just check what happened to WZR in Kurdistan.  rate and reply
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RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

The concerns expressed by all of this board are very valid, however, we have to remember that PRE has a substantial investment in CGX and controls about 60 plus % of the 78MM shares outstanding at...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting

Waitingstill, the one thing that holds my attention is the possiblity of PRE diluting CGX further. Hence, my previous contributions earlier this year. Their patience over the years was formidable...read more
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RE:RE:RE:RE:RE:RE:RE:RE:Interesting

Thanks for that. I agree that PRE seems to be flush with cash while CGX is not. I have to say I do not see the advantage of PRE dragging this out. My guess is that PRE is an onshore company that now...read more
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RE:RE:RE:RE:RE:RE:RE:Interesting

I have come to this conclusion because PRE, due to their deep pockets, would have taken up where CGX left off. Or at least this was the impression when they were allowed to take full control of CGX. ...read more
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RE:RE:RE:RE:RE:RE:Interesting

Phantomblogger - can you expand on your comment "PRE is keeping CGX in the reserves, for later action, much later action."? It seems to me that things are progressing (somewhat) according to...read more
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RE:RE:RE:RE:RE:Interesting

QE in the USA is where companies borrow money from the banks at very low rates, and buy back their shares, hence fuel share prices up - "drive the SP up". These CGX shares were at 1.30 before reverse...read more
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RE:RE:RE:RE:RE:Interesting

thanks, wrong wording. I've seen SPs go up all of a sudden without any news at all on many occasions, hard to figure out  rate and reply
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RE:RE:RE:RE:Interesting

A company can not just "drive the SP up". That would be illegal. Then every company would just drive their SPs up! They need to sign and announce a JV or farmout and hope that the terms are great...read more