CGX Energy (OYL) AI Stock Analysis

Top Page

CGX Energy

(TSXV:OYL)

Select Model

Rating:43Neutral

Price Target:CAD 0.18▼(-12.86% Downside)

Action:reiterated

Date:09/19/26

The score is primarily held down by weak financial performance—declining TTM revenue, large ongoing losses, negative operating/free cash flow, and negative equity. Technical indicators are mostly neutral with slightly negative momentum (negative MACD), offering limited offset. Valuation is constrained by a negative P/E and no dividend yield support.

Positive Factors

No Reported DebtReported zero total debt reduces near-term leverage and refinancing pressure, giving CGX Energy more flexibility than a similarly loss-making company with substantial borrowings. However, this benefit is partly offset by negative equity and the need to fund ongoing operations externally.

Negative Factors

Declining Revenue and Deep LossesFalling revenue combined with negative EBIT, EBITDA, and a very large net loss demonstrates that the current revenue base is not supporting the cost structure. Persistent operating losses weaken earnings quality and make durable self-funded growth less likely over the next several quarters.

CGX Energy (OYL) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 71.10M
Dividend Yield: ―
Average Volume (3M): 42.35K
Price to Earnings (P/E): -2.5
Beta (1Y): 1.51
Revenue Growth: 957.78%
EPS Growth: -2905.77%
Country: Canada
Employees: 767
Sector: General
Sector Strength: 55
Industry: Oil & Gas Exploration & Production

CGX Energy Business Overview & Revenue Model

Company Description

CGX Energy Inc. operates as an oil and natural gas exploration firm, primarily engaged in the search for and appraisal of hydrocarbon deposits across Guyana, a nation in South America. The company possesses interests in three key petroleum prospectin...

CGX Energy Financial Statement Overview

Summary

Financial fundamentals are weak: revenue fell ~19.6% TTM, operating profitability remains negative (negative EBIT/EBITDA) with an extremely large net loss relative to revenue, and both operating cash flow and free cash flow are negative. The balance sheet adds risk with negative shareholders’ equity, despite zero reported total debt. Some improvement in free-cash-flow trend and the presence of recurring revenue are positives, but overall financial risk remains elevated.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	418.91K	563.24K	53.15K	0	0	0
Gross Profit	349.38K	―	53.15K	-28.50K	-38.80K	-23.18K
EBITDA	-2.00M	―	-2.00M	-4.73M	-5.55M	-10.66M
Net Income	-20.41M	-77.62M	-2.58M	-3.19M	-10.02M	-12.70M
Balance Sheet
Total Assets	3.70M	4.14M	79.30M	84.88M	93.01M	134.06M
Cash, Cash Equivalents and Short-Term Investments	475.81K	1.04M	2.07M	6.41M	12.39M	17.24M
Total Debt	0	1.90M	0	0	0	18.53M
Total Liabilities	20.30M	19.49M	18.40M	21.45M	27.67M	60.44M
Stockholders Equity	-16.60M	-15.35M	60.91M	63.43M	65.34M	73.62M
Cash Flow
Free Cash Flow	-3.23M	-2.68M	-4.95M	-5.64M	-65.18M	-72.78M
Operating Cash Flow	-3.16M	-2.57M	-4.33M	-3.67M	-8.49M	-16.08M
Investing Cash Flow	219.94K	-392.38K	-41.82K	-3.46M	-31.16M	-56.70M
Financing Cash Flow	2.53M	1.93M	0	1.16M	34.92M	78.87M

CGX Energy Technical Analysis

Technical Analysis SentimentPositive

Last Price0.21

Price Trends

50DMA0.20Positive

100DMA0.21Negative

200DMA0.22Negative

Market Momentum

MACD-0.00Negative

RSI54.88Neutral

STOCH66.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OYL, the sentiment is Positive. The current price of 0.21 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and below the 200-day MA of 0.22, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 54.88 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OYL.

CGX Energy Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:OYL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:AXL	83Outperform	CAD 220.12M	10.04	25.34%	―	15.49%	44.88%
TSE:TXP	68Neutral	CAD 79.40M	3.36	13.02%	―	9.61%	1283.78%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:ROK	48Neutral	CAD 79.87M	-8.37	-10.06%	―	-15.65%	-243.42%
TSE:OYL	43Neutral	CAD 71.10M	-2.50	177.48%	―	957.78%	-2905.77%
TSE:PPR	41Neutral	CAD 14.03M	-0.07	18.82%	―	-6.45%	33.79%

* General Sector Average

Performance Comparison

TSE:OYL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:OYL	CGX Energy	0.21	0.06	40.00%
TSE:TXP	Touchstone Exploration (OTC)	0.18	-0.05	-20.00%
TSE:ROK	Rok Resources Inc.	0.36	0.14	62.22%
TSE:PPR	Prairie Provident Resources, Inc.	0.30	-0.30	-49.92%
TSE:AXL	Arrow Exploration Corp	0.77	0.55	242.22%

CGX Energy Corporate Events

Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresLegal Proceedings

CGX Energy Posts Interim Results, Reshapes Board and Defends Guyana Assets

Negative

Aug 15, 2026

CGX Energy has filed its unaudited interim financial statements for the six months to June 30, 2026, and reported governance changes that include the resignation of director René Burgos and the appointment of Frontera Energy CFO Andrés Sarm...

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.

Date of analysis: Sep 19, 2026

CGX Energy AI Stock Analysis