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$Colombia and Latin America
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Re: What's not to like?A lot to like for sure. The big increase in reserves per share over the last two years are impressive, particularly in light of the dividends that have been paid. One nit. F&D costs are pretty high resulting in recycle ratios well under 2. And at $60 oil, there is essentially zero return on a finite resource. They've got a very large exploration program this year. That F&D number is going to be one to watch. I trimmed a bunch the earlier in the week (which probably means it's going up). It's had a good run and I'm trying to reduce exposure, particularly in Colombia. |
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| Msg # | Subject | Author | Recs | Date Posted |
| 15559 | Re: What's not to like? | tigris72poo | 2 | 2/3/2023 10:19:16 AM |
