(Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.)
The Colombian oil patch continues to swirl with rumors of further consolidation after Pacific Rubiales (OTC:PEGFF) agreed to acquire a beaten down Petrominerales (OTCPK:PMGLF). This speculation has created considerable opportunity for investors among the micro and small-cap oil and gas E&P companies operating in Colombia. Many, despite having proven reserves and credible levels of production, have been perceived by investors as high risk seeing many now trading at considerable discounts to their fair value.
One company that stands-out for investors is Canadian domiciled micro-cap E&P company Petroamerica (OTCPK:PTAXF). It is clear that given its...
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