Post by downwithdotcom1on Nov 20, 2024 12:07pm
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Post# 36321933
story is not being believed..........
story is not being believed...................production is UP, volumes being shipped are UP (and more consistant with expanded shipping methods) , it pays a MONSTER dividend and they have even started using some hedging to protect on the downside.. All that - yet here we are trading at 63 cents ...why???
I suspect, maybe, its less to do with TAL itself , more to do with multiple investment implosions in this region..Canacol (CNE), Parex (PXT), Grand Tierra (GTE) come to mind that could easily happen doing business in PERU. Still, this has always been a risk BUT i would have thought that the created social fund to benefit the locals, the CONTINUING record of dividend payments and the orderly purchase of another lease would have allayed the risk premium somewhat...Remember this stock was near 90 cents at one point - yes oil is down but brent still is trading near their $77 budget price (with extra production to help out) ..
I 've made a few trades and i have 20k position near 72 cents average so my net is just about flat with a roughly 11% overall return including the divis ..getting to wonder what is needed to move the needle up....any thoughts near, mid term ??? dwdc