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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (47923)5/14/2012 12:45:26 PM
From: Jim P.  Read Replies (1) | Respond to of 78670
 
Looks very very cheap. Getting even cheaper today. Is there much country risk in Columbia? That is all I can figure. If that was U.S. on shore production it would be way more expensive. Selling for 2 times this years advertised after tax cash flow once you back out cash. No debt?? It is selling like it was high decline U.S. offshore wells with expensive abandonment cost at the tail end.



To: Paul Senior who wrote (47923)10/30/2012 1:32:04 PM
From: Paul Senior  Respond to of 78670
 
CNCEF/CZE.to: Adding a few more shares now to my position in this Colombian oil producer.

Company is producing at 11.5k bopd with enterprise value on fd shares of about $340M. (Operating netback dropping a little to about $58 per bbl,)


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