$CGXEF $CGXEF If you haven’t listened to the Dec 2023 CGX presentation, go to the 23:00 mark. Regan breaks down the Kawa + Wei geology and flat-out says the key line:
“Kawa, Wei and the Stabroek wells were all drilled in the same Cretaceous setting… that’s your golden lane.”
Same geologic setting as Exxon’s big hits. Worth the watch.
https://cgxenergy.com/presentations/
$CGXEF I'm not trying to be negative, but what do we think is actually gonna happen here? Can someone explain like I have the mental capacity of a 13 year old (not too far off from reality) why this is worth the hope and wait?
$CGXEF Notice the Corentyne is right along the Berbice Canyon....i am no geologist but at the mouth of that Canyon is where WE have BIG BIG value.....lets get this DONE! $$$$$$$$$$$
https://oilnow.gy/featured/guyana-suriname-upper-cretaceous-play-now-maturing-after-strong-discovery-cycle-westwood/
$CGXEF I’d like to hear how do you valuate the Corenthyne block assuming the goverment grants the extension? I am having trouble to making an estimate for it
$CGXEF Posting for Schreibzey, he's having some tech difficulties....
//petroleumenergyinsights.com/corentyne-block-guyanas-final-offshore-crown-jewel/
This guy seems to KNOW what he is talking about....and IF he does.....we DEFINITELY have the goods $$$$$$$$$$$$$
$FECCF While the volume hasn’t exactly been “barn-burning” on the buy side, I’m pleasantly surprised we haven’t seen a rush for the exits, as price holds steady post-distribution. Trusting everyone has received their distro, and the dust has settled T+2 here. My buy orders are still a bit lower, but may pull the trigger higher if there’s some strong upward movement. Hoping $CGXEF gets a little love, too.
$CGXEF Some activity happening at our port over May and June.
First photo — the berth is empty. In the comments below I’ve posted pictures with ships. All shots were taken on different days, usually with at least a week in between, so these are almost definitely different vessels.
@hpomeroy @spal4000 $FECCF $CGXEF Hoping that as the dust settles, DeAlba turns his attention to the $CGXEF situation. Needs to find a buyer, and finesse a deal that will satisfy Guyana’s powers that be.
$CGXEF Take a look at the chart.
Shortable Shares have barely changed over the past year and are still sitting around 3.3–3.4 million. Meanwhile, the borrow rate has already reached 17.87% today (not yet reflected on the chart), which is the highest level of the year.
This creates a strange picture: there are roughly the same number of shares available to short, but shorting has become significantly more expensive. At the same time, interest in shorting appears to be at its highest in quite a while.
It looks like someone really wants to short the stock, which is pushing the borrow rate higher, yet the actual volume of shorting seems relatively low. Is this normal, or am I missing something?
