RE:RE:Frustrationpapaloapan wrote: Been here a very long time, and from my perspective, they have accomplished 2 things.
1) They took a high risk Kenya project to monetize it, by seeling half their stake and converting this into long term cah flow in Nigeria.
2) they made a conscious decision to transition from wildcatting to a more mature producing company. They backed this up with a change in mangement
Everything else moves at a glacial pace which does little more than lock in long term job security for management. On paper, the Venus transaction makes sense - theory on paper - but it should have (and should be) be sold. 5+ years from now it may start flowing significant cash flow. Like Nigeria though - a great deal resulting in no impact on market cap and an insignificant dividend.
It's a tough long term business, but we need someone actually focused on shareholder rewards rather than long term survival.
You're in the wrong stock for that. Better to see ENCC ETF or any of the other players that do that.
AOI is junk grade highly speculative company run by self serving BOD, consequently, it sooo undervalued considering the ultra high quality holdings and cash flow.
This will get pumped up to 3.50+/- by fall like usual now is a great time to accumulate if you have the free cash and no where else to go.
If they had any interest in SH they would distribute 70% of free cash flow to SH every month or QTR instead they embarrass themselves with silly dividend that's mostly an insult to SH haha.
A typical Canadian company run by peasants.