RE:RE:RE:Geopolitical Not only the technicals look good, but the fundamentals, they be poppin. They're reducing their float every year by 10%, paying a dividend and at $90 brent gushing cash. They have approx $3/share cash on hand, and should cash flow nearly 800m @85brent with FCF net dividends of nearly $400m. Even with an aggressive capex (425m) they will have 2-300m of "what do I do with this" cash in 2022.
I've always been a fan, but what happens if rebels shut down 25% of production, not to mention the impact of the new left leaning government expected to be elected end of May.
You do your thing, sounds like it works which is awesome.
I'm just not sure how this value gets realized tbh, I thought maybe buyout/takeover but I'm not sure about that. Perhaps it gets taken private? Anywho, go Parex go. GLTA