RE:RE:RE:ALFA could be PTA's SUITOR due to the failed deal with PREIt's a pump job. Almost all the buy side trade was anon, including the single high close tick. Total joke.
Nothing has made petroamerica more able to generate per share growth in a day.
It's great they're cashed up. $20mm usually gets them through a year before it's gone. But they're good at surviving as each of their deals buys them time.
Operating a a few blocks is still not an unrestricted operator but it helps. Still can't bid others to farm in on wells.
Why are value digger, Perdika and ceo.ca even though of as remotely authoritative on the subject? They've been 100% wrong for over a year and are all known pampers with no real clout. Perdika calls out mouseman for being wrong and ignoring facts even when pat has been on an unrestricted multi year decline despite his own ravaging bullishness the whole time in the face of facts.
The tinigua drills are precarious. Hot area in terms of surface unrest plus cash coming from the most troubled company in the country are a risky combo to say the least.
Nothing else they've done actually helps them produce more oil cheaper in the near term. Year over year production both gross and per share will be negative into 2016. It's now barely producing what it was before buying Suroco.
The only get deals done with companies Juan Szabo has infiltrated so watch what he's up to for their next moves. It seems nobody else deals with these guys.
It it won't trade in line with the valuations of the other large public Colombian companies as it's still not an unrestricted operator, and it does generate cash flow growth without dilution, and can't access debt or equity markets reliably so goes after junior with cash.
Good luck.