Canuck Investor

Petrobank Energy Can Deliver, Even with Low Oil Prices

I'm a Petrobank shareholder. All the value of the Colombian subisidiary is in the Corcel field and other exploration properties. The Orita and Nieva fields have negative net cash flows and I believe they're operated by Ecopetrol so Petrobank doesn't even have control over the expenditures. Fortunately the Corcel field is very productive.