TSXV:CEN.H - Post by User
Post by
naga00on Mar 25, 2013 11:11pm
250 Views
Post# 21166716
hard to figure out
hard to figure out coastal is forsale~ you would think that they would continue to release information on the progress inorder to keep the stock from getting to emotional. The company refused 23 dollar buy-out but let the stock collapse to 16 and change today! They never and i mean never answer to the phone or call a retail investor back- of course i have made and am sitting on large profits, but i find it disgusting that this management team is so anti- shareholders. I have been in the stock from Feb 2011 and they have never ever had a conference call! I am a little confused that the most recent presentation talks about 33k boepd exit rate for 2013- this includes everything~ Canacord talks about this number , but seems to only talk about thailand offshore. This was a slaughter today- the bid just evaporated- even if they miss by 1k-3k should we have lost 10% of our market-cap - while our reserve explode and the second rig is happening-- this time of year is alway the weakest because of storms and if you review the past you will see a stock weakness during this seasonal period.
Still no excuse to let the retail investor swing in the wind and continue to get hammered for NO reason except that management does not give a hoot about us!