Post by
oilwatcher13 on May 19, 2022 2:05pm
GAMBA FACTOR IS ALIVE AND WELL..!!!
You have to ask yourself why every quarter they come up with another reason and take a writedown or charge on the financials... if you're in it for the 7% divy it will take you years to cover your losses due to the share price declines...
What ever happened to the reduction of debt as promised last year???? Instead the increased their debt from 325 mil to 500 mil... did they have to do that to fund the divy until 2025????
GAMBA FACTOR IS ALIVE AND WELL... OVER PROMISE AND UNDER DELIVER..!!
JMHO
Comment by
oilwatcher13 on Jun 17, 2022 9:36am
NO SHARE BUYBACKS FOR SOME TIME NOW, AND AT THIS PRICE LEVEL THAT SHOULD TELL INVESTORS SOMETHING... 500 MILLION IN DEBT AND THE CASH ON HAD MUST BE SAVED TO PAY THE FUTURE DIVIDENDS, TOTALLY UNSUSTAINABLE... GAMBA FACTOR IS ALIVE AND WELL... JMHO
Comment by
oilwatcher13 on Jul 08, 2022 7:02pm
STILL NO BUYBACK OF SHARES...LOL BECAUSE THEY CAN'T AFFORD TO BUY THEM BACK.... GAMBA LIES AND DECIT JMHO
Comment by
mjh9413 on Jul 11, 2022 9:42pm
Best mthly natgas sales number but no value to that. A buyback? That has never been on cards. In fact you are right, the cards are played very close to the chest by Gamba, his insider cohorts, and that investor who set this dividend in motion. This seems to be their own little money machine but there has to be real value here: it needs a takeover to find it imo. Else it's game as usual.
Comment by
oilwatcher13 on Jul 12, 2022 7:11pm
CANACOL IS JUST GAMBA'S ATM MACHINE, THE ONLY PERSONS GETTING RICH ARE THE UPPER MANAGEMENT... I THINK HE PURPOSELY KEEPS THE DEBT ELEVATED TO AVIOD ANYONE HAVING INTEREST IN BUYING THIS DOG... IF WE HAD A REAL BOD AND CHAIRMAN THIS SCHARAD WOULD HAVE BEEN ENDED BY NOW... JMHO