Post by
ROIcrusader on Jan 18, 2022 11:00am
Geopolitical
Even with Brent crude at 85$ this name is lagging, which I attribute to the current unrest in Columbia. Recently liquidated in favour of other less risky names.
Cross referenced their recent drilling areas and they fall right in areas where they have purchased new rights. There is a reasonable chance with the May 29th election not that far away, and ongoing unrest that their production growth is interrupted at minimum, with there being a reasonable chance they are unable to deliver on production numbers.
https://www.aljazeera.com/where/colombia/
23 dead in recent clashes with rebels happened right in the Aruca block where they are drilling exploratory wells.
Makes me a little sad to sell the last holdings I had of this name, I've long been a PXT shareholder and fan but the risk is just too great here.
GLTA
Comment by
fishcarrier on Jan 20, 2022 1:46pm
Thank you for the enlightenment. I took appropriate measures as a consequence of reading your report.
Comment by
RAWCOLTY on Jan 26, 2022 2:41pm
Yes, geopolitcal risks exist but the Technicals are screaming buy buy. PXT is just breaking out in a big way based on the charts analysis.... Geopolical is already built into the SP any good news SP will rocket up. Anyway, bought for the 4th time in 15 months back a couple of months ago about the $22 range. I will hold now until we hit $28, then I will rinse and repeat once again.