Post by
oilwatcher13 on Dec 10, 2012 9:37am
Re: Lack of News
The lack of a news release regarding mid november results indicates this management does not care about shareholders and the decline in the share price. Shareholders need to start contacting IR to try to light a fire under this management group and the BOD.
Comment by
oilwatcher13 on Dec 10, 2012 10:30am
These guys will have to anounce the dividend by the 15th of December with an ex divy date of the end of December. Let's wait until the last minute guys?????
Comment by
maxleverage on Dec 10, 2012 12:54pm
Dena Southas (IR) is nice enough, but she really will tell you nothing. She will just point you to info on the website or filed on SEDAR.
Comment by
pokerbeeks on Dec 10, 2012 1:52pm
i also spoke with Dena and she didn't say much either. The only thing I got was that they are over 80% finished their NCIB which one could have figured out with some simple math.
Comment by
pokerbeeks on Dec 11, 2012 10:29am
Dena (IR girl at Petrominerales) got back to me about the NCIB. They stopped buying shares on November 20th because they had hit their limit for the 2012 year. They plan on resuming purchases in the new year to finish the NCIB that was put in place last may. By my calculations, they have approximately 84.5 million shares outstanding currently.
Comment by
maxleverage on Dec 11, 2012 1:56pm
Let's hope they keep buying back the convertible bonds then in the meantime.
Comment by
oilwatcher13 on Dec 15, 2012 4:40am
They announced the dividend but not a word about mid November drilling results??. Is this management even capable of finding oil in Columbia? Certainly not in the last 18 months? Shareholders deserve an update on production and drilling results before the end of the year !! Or are these guys content to draw their big salaries and take the rest of the year off because they deserve it ?