RE:More consolidation in the battered Colombian oil spaceThanks for the article although it does not add anything new. I posted Platino's acquisition and the key metrics yesterday.
The author just FORGOT (??) to deduct the Negative Net Debt from the market cap. His calculations are based on the company's market cap which is completely wrong of course.
Based on the Negative Net Debt and the working capital surplus of US$74 million, the company's EV now is US$125 million, not US$200 million he is talking about.