RE: RE: We Need Oullin Very good comments by Oullin although I do not agree on all points.
Pipeline losses should revert back to the 10% level, difficult to believe that the 18% might not have some quirky accounting involved.
Producing the oil with pipeline constraints is simply a timing issue, it will be produced and is still lucrative enough even with constraints to ensure quick paybacks.
Management is a bigger issue.
Paying such a high dividend rate is great for boosting the shares in the short term but such a high payout stretches the Company's balance sheet unnecessarily.
Also, it begs the question that if Nigeria offers such great opportunities then why do they not reinvest in other plays there and add diversification at the same time.
At the other extreme, one sees OER involved in a broad portfolio of Nigerian plays but does not even pay a nominal dividend.
Finally, when will Wade learn to communicate on a clear and timely basis to investors?
Managing investor expectations is critical to the long term health of the Company and its shares.