CGX Energy Inc (TSE:OYL)
:OYL
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CGX Energy
(OYL)
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Rating:49Neutral
Price Target:
C$0.26
▲(85.00% Upside)
Action:ReiteratedDate:04/28/26
The score is held down primarily by very weak financial performance (large losses, persistent cash burn, and negative equity). Technicals provide partial support via an established uptrend, but valuation remains challenged because earnings are negative and no dividend yield is available.
Positive Factors
Asset-focused exploration model
CGX’s model of acquiring and advancing offshore blocks and partnering to carry out seismic and drilling is structurally durable. Partnering can de‑risk capex, preserve capital, and allow value realization via farm‑outs or joint ventures over multiple funding cycles.
Negative Factors
Very large net losses
A dramatic widening to a ~77.6M net loss in 2025 erodes capital and undermines the company’s ability to self‑fund exploration. Persistent heavy losses increase dependence on dilutive financing or asset sales and limit long‑term operational autonomy.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-focused exploration model
CGX’s model of acquiring and advancing offshore blocks and partnering to carry out seismic and drilling is structurally durable. Partnering can de‑risk capex, preserve capital, and allow value realization via farm‑outs or joint ventures over multiple funding cycles.
Read all positive factors
CGX Energy (OYL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$88.02M
Dividend YieldN/A
Average Volume (3M)46.78K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue Growth957.78%
EPS Growth-2905.77%
CountryCA
Employees767
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.07
Shares Outstanding338,549,000
10 Day Avg. Volume56,447
30 Day Avg. Volume46,777
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-2.09
Price to Sales (P/S)55.92
P/FCF Ratio-11.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CGX Energy Business Overview & Revenue Model
Company Description
CGX Energy Inc., an oil and gas exploration company, explores for and evaluates petroleum and natural gas properties in Guyana, South America. It holds interests in three petroleum prospecting licenses and related petroleum agreements, including C...
How the Company Makes Money
null...
CGX Energy Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 573.10K | 53.15K | 0.00 | 0.00 | 0.00 |
| Gross Profit | ― | 53.15K | -28.50K | -38.80K | -23.18K |
| EBITDA | ― | -2.00M | -4.73M | -5.55M | -10.66M |
| Net Income | -77.62M | -2.58M | -3.19M | -10.02M | -12.70M |
Balance Sheet | |||||
| Total Assets | 4.14M | 79.30M | 84.88M | 93.01M | 134.06M |
| Cash, Cash Equivalents and Short-Term Investments | 1.04M | 2.07M | 6.41M | 12.39M | 17.24M |
| Total Debt | 1.90M | 0.00 | 0.00 | 0.00 | 18.53M |
| Total Liabilities | 19.49M | 18.40M | 21.45M | 27.67M | 60.44M |
| Stockholders Equity | -15.35M | 60.91M | 63.43M | 65.34M | 73.62M |
Cash Flow | |||||
| Free Cash Flow | -2.68M | -4.95M | -5.64M | -65.18M | -72.78M |
| Operating Cash Flow | -2.57M | -4.33M | -3.67M | -8.49M | -16.08M |
| Investing Cash Flow | -392.38K | -41.82K | -3.46M | -31.16M | -56.70M |
| Financing Cash Flow | 1.93M | 0.00 | 1.16M | 34.92M | 78.87M |
CGX Energy Technical Analysis
Negative
0.14
Price Trends
0.25
Negative
0.19
Positive
0.17
Positive
Market Momentum
>-0.01
Negative
46.24
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OYL, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.25, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.24 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:OYL.
CGX Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$114.35M | 4.23 | 12.47% | ― | 22.88% | 2321.43% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | C$56.62M | -4.67 | -10.95% | ― | -18.97% | -1671.43% | |
51 Neutral | C$55.20M | 2.36 | -4.64% | ― | -18.75% | -0.21% | |
49 Neutral | C$88.02M | -0.41 | -599.98% | ― | 957.78% | -2905.77% | |
42 Neutral | C$26.65M | 1.28 | 59.32% | ― | -2.07% | 25.46% |
* Energy Sector Average
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CGX Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
CGX Energy Books Major Impairments on Guyana Assets Amid Licence Dispute
Negative
Mar 18, 2026
CGX Energy has released its audited consolidated financial statements and management discussion for 2025, highlighting significant non-cash impairments tied to its Guyanese assets. The company booked a roughly $17.1 million impairment on its Berbi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.