CE1 0.00% 0.9¢ calima energy limited

Ann: Rising oil prices - Hedging Update, page-17

  1. 1,800 Posts.
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    Taking proceeds from the sale of blackspur and having management reinvesting that elsewhere would be a very very bad outcome. There would be significant pushback from investors if this happens.

    These guys are not great at capital allocation unfortunately.

    I’d want 100% of the proceeds distributed and let shareholders decide where to put our money.
 
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