RE:RE:Buyers beware...lots of bad news ahead yet to be disclosedHave never shorted a stock. Only go long, have just seen this game too many times with Canacol.
I didn't even mention the the Shale...what happend to the shale story.
And what about the heavy oil acerage they captured around Ombu.
And how did Guyana work out for Canacol.
And then they became focused on light oil in Llanos with an whopping inventory of two blocks
Now this company is the only real gas player in Colombia, maybe this sticks, but I'm just saying that this company has been all smoke a mirrors and that is why if you look at their historic share price performance they are back at almost their all time low.
This is clearly a company that doesn't have a track record of creating long term shareholder value.
If they pump out a steady stream of positive news flow in 2015 I will be the first to admit I was wrong, but if history is any indication, I'm advising the saps that bought the rally today to cut bait because there are some dark clouds in the horizon.
Managment can only push so much bad news under the rug, year end disclosure will catch up with them soon enough
What the hell is Canacol's definition of material these days...a company transitioning into a pure play gas player doesn't disclose the results of a material gas exploration well...awesome.