bad news and good newsBad news :
- Gamba is still at the helm. We cannot trust him, because during the last five months, he constantly hid the truth.
- The big problem is water in some wells. So, less prod and less reserves
- The divy will be slashed IMO, because their priority is to buyback bonds which trade at a 35% discount
Good news :
- COP is higher than it was one year ago. So, a large paper profit
- Nat gas price will be 1 $ higher in 2024, and still higher in 2025, because other reserves are depleting