Post by
oilwatcher13 on Mar 30, 2023 9:10am
Gamba Factor Everytime!!
Gamba Factor strikes again with millions in one time charges, this time for re-organization costing 65 million. They always have a spin on the financials, and hints on the call to lowering the divy in the future if they can't support it... just slight hints but it is coming!
Maybe stop the spending and increasing the debt, what ever happened to the commitment to reduce the debt to equity ratio? Same old story everytime, over promise and under deliver!
Time to wake up people and ditch this clown CEO and his BOD Hibberd!
JMHO
Comment by
tigris72poo on Mar 30, 2023 3:47pm
Your views on Gamba are well known. If they eliminate the dividend and buy in more stock or reduce debt the stock will go up. The operating and financial leverage here is tremendous. The SP could triple in the next couple of years.
Comment by
oilwatcher13 on Mar 30, 2023 4:46pm
It's still a free country, believe what you want to believe... I have 10 years of watching this dog and it's management rape investors of their cash while they get rich. Just sayin! JMHO
Comment by
tigris72poo on Apr 01, 2023 7:41pm
You have every reason to be sceptical given past performance. All I am saying is the negatives (and the current Colombia govr politics) are reflected in the stock price while the good recycle ratios, exploration upside and pipeline expansion are not. That's what makes a market and creates an opportunity IMHO