PRE next acquisition after PETROMAGDALENA ? PRE acquired Petromagdalena few weeks ago paying 60,000 $/bopd.
As PRE want to expand further as they want to keep up their growth YOY, they want to buy oil producers with proven established production.....the speculative plays do not fit their strategy further as the management said at the latest presentation.
This is why PRE may check the unknown C&C Energia
CZE.TO is a 100% oil producer with 12,000 $/bopd current production , with consistent production growth and reserves growth YOY..... The only article I have found about this unknown Company is the recent one from Seeking Alpha below....I guess this low awareness must be the reason why C &C Energia trade at such a low valuation (2012 pe=5 and 26,000 $/bopd).
If you can find another article or analysis about CZE.TO please post it
https://seekingalpha.com/article/774381-c-c-energia-trying-to-unveil-the-oily-diamonds-in-the-colombian-rough
We will see.