BRK 14.4% 51.5¢ brookside energy limited

To use CE1 as a comparison to BRK only serves to highlight what...

  1. 46 Posts.
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    To use CE1 as a comparison to BRK only serves to highlight what would be a worst case scenario outcome for investors. CE1 has,

    • has never meet a quarterly production target
    • sells assets for a fraction of their cost & capital expenditure to develop,
    • most recently to a competitor chaired by a director who also is a CE1 director
    • has extensive related party transactions over many years
    • pay "performance" rights to directors for time served rather than any fiscal hurdle
    • pay "dividends" following a CR or asset sale, when there is no FCF from production
    • propose to withhold $15M from an asset sale to continue servicing the compensation of 5 directors, including the wife of the chairman

    So many red flags, none of which applies to BRK.
 
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