GREY:ZARFF - Post by User
Comment by
Cardboard1on Nov 23, 2018 3:21pm
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Post# 29015633
RE:RE:RE:Craig Hansen
RE:RE:RE:Craig HansenWhere was the pay cut on execs? Real belt tightening?
One only needs to look at Yangarra with their super low G&A to realize that most execs in Calgary don't give a damn about shareholders or anyone else for that matter. There is a lot of make-work project and Zargon certainly appear to have been one over the last few years.
How much money was given to Macquarie to do what exactly?
Almost 2 years ago, the debentures were amended and extended in the hope that something intelligent would materialize. Nothing!
It was all about extend and pretend.
Many were thinking that North Dakota would be sold after debentures were amended to buy some back when trading cheaply and/or improve the Canadian operations. Nothing!
Not only that but, they killed Q1 and Q2 results with terrible hedges. When you are a WCS dependent producer, you don't hedge using WTI...
Then if they needed hedges entering 2018 and with nothing having changed with their finances, what was the idea to not hedge WCS when it was pretty high last summer?