RE:RE:Considercender wrote: I dont blame management here one bit , they are dealing with high declines ,tight credt ..... !
I do, I hold management responsible. They knew declines were high!
They make the big bucks to get it right. Splitting D-3 was dumb.
They crippled Boulder to make Granite look good..... Hedges, debt etc.
Dumb, Dumb, Dumb ..
We knew what OPEC were up to at the time ..
quote “ Granite will have hedges on 2,000 bbl/d of oil hedged for calendar 2015, including 1,500 bbl/d swapped at WTI C$99.20 and 500 bbl/d hedged with a costless collar WTI US$85.00 x WTI US$100.80. In addition, Granite will have 250 bbl “ end quote
Forcing Bolder into their present hedges at $50
What you said on another board is in line with my concern ...
You said ... “ Made an error buying BXO at $3.40 and exited that around $3.00 because of similar problems they will have no room after facility is cut and nobody knows how long we must endure $40 oil “