"I thought CMT's Pandora move was a stroke of genius - to engineer that position by hardly spending any cash, and ending up with shares in KPL at the same time - classic"
My sentiments exactly. Management seems to be quite creative and nimble. I thought they did well to identify the Palta opportunity also, pity it didn't play out but it didn't cost them much to go along for the ride.
Cott management have plenty of industry experience with the big end of town. Perhaps this allows them to understand how these guys operate and act accordingly. Being in a small company allows them to operate with less restrictions than the behemoths.
All that's great BUT they need to be able to get the story out there and sell it to potential investors. Unfortunately I don't think the current market has much appetite for junior oil and gas stocks ATM. No doubt this will change at some point and imo when it does Cott will be set for a significant rerate based on the kind of valuations being thrown around in the 2 research reports released post Pandora deal.
BDM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
