Let's be truthful about what is really happening here. Republicans like Issa believe in honoring contracts. Democrats like the Governor, his regulatory appointees and their allies in the press don't. For them this is all about class warfare, bashing "Wall St" and supposed "millionaires". If you are a Democratic small investor that owns a few DRL shares, how does it feel to be a "Wall St millionaire.". You are the "enemy" and you've supported the folks that are now targeting you. Hilarious. Better wise up.
You really can't find anything quite this cheap. Not only is Petroamerica super cheap, but they have also been growing revenues, are well managed and have a great balance sheet. Ent Value / operating cash flow is less than 1X for Petroamerica. Check out TAOIF (TAO.TO in Canada) which is a New Zealand oil play. Like Petroamerica it's very cheap on an enterprise value / year ahead cash flow basis at about 2X. They are also growing revenues, are well managed and have a great balance sheet. Not quite as cheap as Petroamerica, but very cheap and it's a great company with vast leases, many years of drilling inventory and great midstream assets.
The breakup fee is $4 mil if either side backs out of the deal. What happens if the Suroco Board endorses the deal (as continues to be the case), but the deal doesn't get the required 2/3 vote of Suroco shareholders? I'm not sure either side collects a breakup fee in that case.
What's really funny is that the 2 stocks this Avi short clown is bashing that I follow (NHLD and BPZ) don't even go down when the whole market sells off. Nothing hurts more than being short a stock that trades flat or higher when the whole market plummets. That takes real talent -LOL.
Avi, you know even less about the oil sector than you know about the broker / dealers. That's why your shorts are getting buried on both stocks. The best way to measure productivity of an oil company is the "netback". Netbacks for each barrel of oil are increasing every quarter. That's because Pacific Rubiales is sharing block Z operating costs and production is increasing as they drill more good wells. Higher production on the same platforms, means netbacks go up. That's going to keep happening as PRE drills more wells. You are the amateur. You know less than nothing about oil stocks as you've proven yet again. Enjoy your losses.
The whole market tanks and BPZ is only down a penny while NHLD closes flat. LMAO at you losers! Keep spewing nonsense while foreign investment pours into Peru and BPZ keeps hitting big wells.
Brean Capital likes BPZ so shorts attack it. S&P upgrades Peru's sovereign debt again, so shorts attack S&P. PetroChina invests billions in Perui, so shorts attack China. Seems to me like someone is in denial - LMFAO.
My number one rule of trading is "birds of a feather flock together". If the broker / dealer group was a flock of birds, they would be flying north for their seasonal bull market migration. NHLD would be flying in formation behind LTS.
There is a related corollary to the birds of a feather trading rule: "All stocks shorted by Avi's boss hit new 52 week highs together". Both BPZ and NHLD are near their highs. Better check what else these a$$es are shorting. Might find some good long ideas.
From the company's presentation:
Over the past five years, Peru has made great strides in its development. Its achievements include high growth rates, low inflation, macroeconomic stability, reduction of external debt and poverty and significant advances in social and development indicators.
Since the early 1990s, the country has embarked on a series of reforms of which fiscal consolidation, trade openness, exchange rate flexibility, financial liberalization, higher reliance on market signals and prudent monetary policy, including a strong buildup of reserves, have been key components. Fiscal prudence was further supported in recent years by high commodity prices.
Prudent macroeconomic policies and a favorable external environment enabled an avg GDP growth rate of 6.4% between 2002 and 2012. Growth was 5% in 2013. This solid economic performance drove an increase of more than 50% in Peru’s per capita income during this decade, after almost 30 years of stagnation.
The inflation rate in 2013 was 2.9%. In 2012, public debt as a share of GDP was 19.8%, including local government debt. The main rating agencies -Standard & Poor’s, Fitch, and Moody’s- rated Peruvian sovereign debt as investment grade level.
These policy advances and a stable macroeconomic framework are helping Peru face its development challenges. One of the most crucial is the equitable sharing of the benefits created by rapid growth. The effects of strong growth have yielded an important decline in poverty rates: the national poverty rate fell from 48.5% in 2004 to 23.9% in 2013.
You are a lying #$%$ Avi. Even after I take profits on this stock, I will continue posting the positive case just to help bury you short lying sleaze bags.
Actually it does have something to do with the RAS message board which is dominated by a certain poster. Do you think someone who argued repeatedly that there was no IRS scandal or targeting is an objective person? If Foulger can't see the IRS targeted certain groups, than do you really think he can judge a company he supports any more objectively.
Here's from a blog article on the change:
TD Securities energy analyst Jamie Somerville in Calgary raised his price target on Petroamerica Oil Corp to $0.60 this morning from $0.55, citing its relative valuation (particularly on EV/DACF), high netbacks, potential for free cash flow generation, and several high-impact exploration wells planned for the next 6–9 months
Check the company's web site for the new presentation. I especially recommend the good discussion of favorable business conditions in Peru. LMAO at the shorts trying to scare people with Shining Path tales from the 1990's and phony dolphin claims. It makes me almost as happy to see those sleaze bags losing money as it does to make money on BPZ myself.
Avi, you need to do your own DD. One firm has 800 partners and one has much less. Guess which one is the new firm. Better check the websites before your boss loses too much more money and cuts you down to a dime a post- LMFAO.
Thanks getup. You know I am notorious for dropping them early on increased valuation. Want those GRE shares I sold a couple weeks ago at 1.20 back - LOL. Based on the auditor upgrade, I think management wants to get listed. If ICH can be listed, NHLD certainly can. That seems to be the endgame for management to get the valuation up.
Looked at the new auditor's web site and they are a larger firm. NHLD went from a regional firm (pretending to be a national firm) to an international form. The boss could really lose some money on his short Avi, if this is a prelude to getting NHLD listed (as appears to be the case). He might cut you down from 25 cents to 10 cents a post. But I'm sure you'll make it up on volume posting 10 year old "news"- LMFAO.
Had a good laugh when I read the spin from the short clowns. NHLD moved to a much larger and more well established auditor. No dispute with the old auditor. Probably a preliminary step to get the stock listed.