RE:RE:Management pay Management is supposed to get paid when there is great performance. Performance here is so poor they are routinely laughed at by industry executives.
Million dollar comp for this level of performance without more people screaming is bizarre. This is NOT a lean operation. For a 10,000 boe/d producer they have a bloated management team that still doesn't have enough technical ability in house.
It is so brutally run that they have managed to add another 10% of insider ownership in the last few years WHILE the stock price keeps declining and production targets are routinely missed.
comp should be less than half of what they are currently paid.
No M and A,
no per share growth,
poor financial management strategies and
frequent drama over variable drilling results
what exactly makes them worth premium salaries and bonuses? Jims political views?