AvenEx Energy Corp AVNDF

History

[pwalk140]

OK, let’s look at the history of this.

Tom Buchanan, starts a Jr O&G early 2000's grows if to 2+B through multiple mergers and acquisitions (Provident Energy). The analysts don't get the structure of a upstream and midstream combination with a solid dividend payout and steady cash flows through ups and downs thanks to the frac spread of the midstream business so Tom and Mark sell off the upstream business to Midnight which became Pace. Tom and Mark leave Provident.

A couple years later Tom and Mark start up a new O&G co. (Charger) merge multiple other Jr's. and now in a position to buy back the upstream assets that they once had and know very well.

Another 2+B company is on it way with a steady dividend payout...

[rad10]

The chart for charger does not make for pretty viewing.  Care to comment why it is trading below 50cents under this leadership?  Just starting DD on this company - interested in opinions.

[pwalk140]

It was a cheap and easy way for the leadership team to get back into the market. Charger had been falling because of a lack of capital, well before the current team took over. Just as AVF has been doing terrible this year under current management a drop of $3.00? Shouldn't the current shareholders be glad to be getting rid of the current team?