Post by
renoman1960 on Mar 26, 2021 8:11pm
Parex to much cash looking for acquisitions
Parex is sitting on approximately 400 million cash buying back shares making a ton of cash reserves of 11yrs. Small profile in gas huge in oil. Speculation says they are looking for an acquisition and Cne would be a perfect fit as they are both in Columbia. Sort of makes sense I see Gamba has been ramping of reserves and it's not reflected in share price. Cne is a money maker just need quality management. Could be a nice fit for Parex as well as us Cne shareholders.It would be nice to be bought out after years of dead money
Comment by
cyber37 on Apr 05, 2021 8:07pm
Parex presents a possibility but if they take out CNE then here goes a rather sweet dividend. Unless there is a nice premium to current share price I’m not too excited by the prospect. Right now the share price is depressed & everyone is waiting until next due date for next dividend payment. Nobody seems to have any faith in growth in the share price, perhaps it is the management? G37
Comment by
oilwatcher13 on Apr 09, 2021 11:33pm
Gamba and Hibberd Management.... just peed my pants laughing...!!!! This has been a dog for well over 10 years... Parex won't buy this pig... JMHO
Comment by
oilwatcher13 on Apr 12, 2021 9:55am
Why do you think Gamba never pays down his debt, he likes to keep it at a high ratio to earnings so the interest is low and he gets to keep his personal ATM.... Zero shareholder accountability.... JMHO