Think about itYou want to take it over.
You make the share price look like cr@p. Yes you experience a loss but only a paper loss. This will be recouped once you own it.
As well, with creative accounting one can capitlaize those losses while wait to pull the trigger.
Win/Win but not for the shareholders.
You eliminate the dividend and use the money to pay the debt.
Again you intend on buying the company so basically you are paying the dividend to yourself and only yourself. The reasoning, when you buy a company you also buy its debt. Lower the debt with no share appreciation and there is more value but not for the sahreholder.
I hope other oil companies are watching this and go hostile before he gets away with it.
Anyone connected to oil should be making mention of this.
It is hard enough to find good investments without having to awys be exposed to these stuns.