Welcome To The CGX Energy Inc HUB On AGORACOM

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Message: Potential, but...

Well, definitely CGX has been a stock to play over the past 10 years but, in my opinion, this is not the time to play it. Considering that Eagle shallow is going to spud any day now, that news may well hold the price at its current level. If there is no other news, then it might slide over the 60 drilling days. But I think CGX will consolidate a JV prior to completing their drilling. A dry hole will really set them back if they do not have JVP prior to completion. It will make it so much more difficult to get one on their terms. Furthermore, Inpex will likely report within the next two months on their recent hole. Both of those announcements could give the stock a pop. There is no telling when those results will be coming out. Just my opinion.

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