This misery is the time to buy, important question tooTotal discouragement.
Manipulated oil prices is just the start. the past is a sign of what happened really.
CPG stopped its shopping spree after it was gambling on increasing production but put contradictory hedges in place, because all that extra production is losing money now. What a contradictory vision,
You expand and if the market really picks up you set it up so you dont profit, and all that borrowed money cant really be satisfied, sexually first .I wish you never bought all those assets with that bet !
Furthermore, there may be still a few surprises left and these are the ones holding back the price. Tax writedown, overevaluated assets, tax excrement again, mysterious accouting charge......When we see if there is none of that , then the price will go up. Nobody bets the farm on this ugly company, we used to at $15. Because of the stupid analysts luring us with their semblance of authority, I got sucked in, and I am not the only one.
We now need investor anonymous meetings to atone for our sins of just believing management and the analysts. We were conned by crooks and incompetence, but there are still assets there maybe could one of you be like my Dad and reassure me that the assets are there and that they can produce oil at a profit, Please show that at least this can true, a profitable outfit ? that is my question.