RE:MGMT shakeup coming ? This is a bs post sir. Almost a year ago (December 15, 2019 to be precise), I posted that by not hedging they were taking an unnecessary risk.... My honeypot... made it a point at the time to disagree...fact is the buck stops with JR. Throwing Bernard Lee under the bus on a stock forum after 17+ years of loyal service is very poor form and sad frankly.
Robertboblaw wrote: Late November Phil tahmazian (spelling? Manager of midstream assets) cashed out 10,000 + shares. I'm guessing that's a cash out. Plus their website has them "suddenly" hiring an entry level midstreamer. I'm guessing this could be a management shakeup early in the new year. Bernie Lee (CFO) cashed out 150,000 shares or so last year and they promoted a new cfo shortly after. If there is a shakeup, my guess given their significant hedges they secured for th remainder of 2020, POU has changed gears and will now be hedging a significant amount of their prod going forward. They got bad advise from their previous cfo who didn't want to hedge late in 2019 and the share price got obliterated because of it. My guess, by the end of 2021 if oil is in the $55 range POU will announce a 50% hedge position going forward. You will never see these share prices again. Hedging (if they choose to do so) will secure a floor for pou of $10. My opinion, they will in the next year secure a significant ongoing hedge book and only execs who have a risk averse approach to their area will be kept on at pou. This is just my opinion from some of the things coming out from them in the last year.