RE:Amazing…..The reason for this is 99.9% of savvy investors look at the management team first as this is the most important aspect of any company. I have been watching OYL for a couple of years now. Dipped my toe in before the Kawa drill and got out again due to the simple fact this management in my opinion is the worst I have ever seen by multiple factors. In the couple years I have been following they have managed to give up two blocks for nothing, (and imo Demerara has value they just couldn't monetise). Lost half of their interest in Corentyne. Drilled two quasi successful wells WAY overbudget. WEI was almost 200mil to drill!!! The one good thing, they are now out of debt, although also no cash to continue to prove up Corentyne. So where do they go to from here?
If a mediocre management team, doesn't even have to be a good one had CGX's assets, no way this is trading at 0.40. The acreage is top notch and the port is icing on the cake. Gotta trust the people at the top can get full value... does anyone trust this management to do that?