RE:RE:RE:RE:RE:RE:RE:Great results!oilwatcher13 wrote: I disagree, Gamba is the market discount factor... he has been for year after he has burned all the analyst bridges he ever had... why do you think CNE has so little institutional investors...
Just saying... Gamba Factor is at least a 20% to 25% discount...
JMHO
You just shot down your own argument that Gamba is the problem. You claim the sp would increase another 20% without him. Who cares if the sp goes up another 85 cents to a little over $5 bucks? Is that what you're mad about, Gamba holding back the sp a measly 85 cents? Now if you said that he was preventing CNE from reaching $10 then people might listen. It's not Gamba, it's the fact that they were producing around 18,000 barrels a day at depressed world prices with no foreseeable solution to combat the US flooding the market with shale oil.
If it wasn't for Gamba CNE wouldn't have picked up the gas fields at bargain basement prices. It's turning out to be quite a deal that will finally bring profitability to shareholders once the pipeline infrastructure is complete. The last PR just highlights that switching to gas was a smart move. Let's at least give Gamba credit for turning CNE from just another struggling small cap oil producer to potentially one of the biggest gas producers in South America.