Jan. 30 at 6:04 AM
$GTE In all honesty Parex needs to buy them out. Gary has lost all credibility, he is old and needs to retire, Equinox has experience in selling oil companies at a premium, Parex buying between
$12 and
$15 is a massive discount on NAV, the debt would be insignificant with a combined 90,000 - 100,000 boepd, Parex immediately becomes diversified, synergies would save money, reserves become massive. Alone GTE just keeps plodding along and Parex lacks reserves and production. Combined they become a powerful South American oil producer capable of expanding further.
