Canacol Energy Ltd T.CNE

Dividend Lowering and Tax Loss Selling...!!!

[oilwatcher13]

Normally, you would have heard from the management by now on the divy, but as everyone knows CNE has been downgraded by Moody's and is being reviewed by a firm for a class action lawsuit. Divy is going to be lowered or canceled and the share price will take another hit and they are going to come out and say they are focusing on lowering the debt. Same as they said last year but didn't do it as per usual for this lack of management group.

Now they start again in Bolivia, and the only people making any money are the management, as they pay themselves very very well. This company has been an absolute joke for the last 10 years and has never lived up to their promises, that's why no analyst covers thisa dog anymore. CNE has burned all the bridges....period!

JMHO

[mjh9413]

Hey, that's not a humble opinion. Is it not the truth. Just look at CNE's out-of-the-money insider options:.they reflect how much they've damaged this company for shareholders over that decade. And that was a sop to that big shareholder deal a few moons ago which they got dirt cheap (but not sure if that too is not under water now..) And on those loans, just horrific in their