Post by
oilwatcher13 on Mar 17, 2021 1:31pm
Canacol Earnings Announcement Writedown..????
Anyone want to venture a guess on how much of a charge CNE will take in tomorrows earnings announcement????
Is it going to be a currency change writedown???
Asset writedown???
Gamba Factor is alive and well...clown show continues just wait and see...!!!!
JMHO
Comment by
oilwatcher13 on Mar 18, 2021 10:22pm
Yup, still loosing money but the spin is amazing.... more writedowns as I highlighted... Gamba Factor Continues... stock dropping again tomorrow at open.... Thanks Gamba and Hibberd.... JMHO
Comment by
renoman1960 on Mar 18, 2021 10:41pm
Didn't think it was that bad and I would rather take a 51 million dollar write off then pay tax and deplete cash reserves, tax breaks are there let's use them, I think we get a pop tomorrow if market is heading up and as I told you oilwatcher I am trading the stock my big hold right now is arx.
Comment by
oilwatcher13 on Mar 19, 2021 10:38am
I agree with you on ARX, which is my main position as well... but CNE is a dud until 2024 and has so far assumed all the risk and capital on the new pipeline. Typical Gamba gambling with shareholder money and ultimately will sell 75% of the new entity to his buddies risk free. Gamba's personal ATM... JMHO
Comment by
renoman1960 on Mar 19, 2021 11:15am
Fair enough like I said I am trading this stock lot of 5000 shares and if it doesn't move 5.75% divy is still better than my bank