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dr_airtime

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dr_airtime

Re: diggg post# 17563

Tuesday, 12/15/2020 11:51:03 PM

Tuesday, December 15, 2020 11:51:03 PM

Post# of 17741
FEC.TO

CEO.CA. board pretty active. It is mostly active Canadian retail investors there who primarily play in resources. Pretty good crowd I found.

Key fact pattern I got from there today is that the old Pacific Rubiales took on too much debt and this crashed the company. FEC.TO is what emerged and the shareholders are mostly lenders so this explains why they hedged basically 6 months of production at Brent 35 which will go down in history as one of the worst moves in the sector in H2-2020!
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