RE:RE:Based on IR Responseeddy014 wrote: but the problem is mangement --- many mistakess :
-the last financial statement dont reflect the true value ,
-just compare to other compagny ... PRE have in illogical impariment ..
-they spent 11B$ to buy asset ..
-they spent 1b$ in the end of 2014 and 2015
-we dont have a real value .
-the bank accept to convert 5.1B$ of debit for share <> for sur they have more than 100% of value.
-Bank habitualy demand to sell asset ...
really i read all new and all financial statement for 3 last years and i m suprised ... Pacific for me is good buy compared to talisman with better asset, for me same offer or better ... they have good asset and an expertise in latin america ,
why they dont sale asset and reduce debit ?
many mistakes ???? are you serious ? no mistakes was by purpose .you are talking about assets (11 billion ) the real value is less than 1 billion .. only asset is 100K boe/day and some interest in midstream (pipeline ) all the rest is garbage. operational cost for them is > than 30$/bbl ??? and is heavy oil. top 4 from management paid with 10 mil /year??????? 4 not 1. google : best paid CEO in Canada and you will find PRE with 4 person on the list :https://www.canadianbusiness.com/lists-and-rankings/richest-people/canadas-top-100-highest-paid-ceos-2016https://www.canadianbusiness.com/lists-and-rankings/richest-people/canadas-top-100-highest-paid-ceos-2016/