PetroTal Corp- Interesting activist Institutional Investor engagement
It’s been a while since I commented on PetroTal Corp (PTAL) – a Peruvian based oiler. My views on this investment case turned negative back in late 2019, and I came in for some slagging on social media for even suggesting it was not the best investment since sliced bread. My last substantive comment was in June 2020, after the company placed to manage the working capital position, as I suggested was required. A cornerstone Institutional Investor is now engaging with PI’s and other II’s to see the best outcome for shareholders. I find this very interesting on several levels.