RE:RE:RE:With Hedges OVV is STRONGEST among competitorsSkysohigh wrote: You really can't convince some of these people they'll keep pumping and spinning despite reality staring them in the face. I got out way too late cuz I was in denial about how badly this company is run until way too late. It's circling the drain and these hedges will keep it going for a little while but once they're expired it's just another shale company but with piss poor management and a lot of debt. And don't anyone come back with it has natural gas assets in the montney... Then it should have just stayed home and played conservative with what it had rather than take on debt to buy assets at the top of the market all while overpaying management to wreck a once mighty company.
Yeah I don't know what people think they are buying here. They're certainly not buying into a stream of earnings. This company was barely cash flow positive in the best of times with oil at $55+ and constantly ran a net loss. The board has been taken over by day traders who want to clip pennies and don't know or don't ask why this stock sank 90% over the past two years.