We have had a mid-day AT attack the last 2 days - will it be 3 in a row? If they take it much lower, I'll think about toppping up as this share might be illiquid but that doesn't make it a 'bad' share, just way off the radar. Shale and Argentina are both unloved, for now, but see Soros has just gone big into YPF, our partners in the Vaca Muerta so not everone is blind and chasing todays 'hot' stuff.
Good to see that Andes are moving ahead with their assets in Colombia. In my mind a good deal as we are gaining a strong local partner (Trayectoria), and possibility of further deals with them down the line, for shares at the current SP. There is no point in sitting on licences - they are there to be developed and as we don't have the cash to go it alone, getting in good partners at a good price is ideal. Trayectoria are one of the top 5 Colombia E&P companies with further operations in Brasil - their licences are in Sergipe which is where we have also have a stake (possible further tie up with them in Brasil down the line?) - and Guatemala - a serious company indeed.
I was at the presentation last week, though i am not invested here i do have the shares on my watch list. Seemed to be a generally positive show - but aren't they all ! Became more interested at the end when presenter said that he expected the number of producing wells next year would increase from 2000 to between 3500 and 4000 ! This one for me is investable for me - IMHO but don't really have any spare funds available. BigC
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