GREY:SGLRF - Post by User
Comment by
Khersonon Oct 20, 2014 8:11pm
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Post# 23045368
RE:RE:RE:RE:RE:No news about dividend
RE:RE:RE:RE:RE:No news about dividendpower_auditor wrote: Changing market conditions? Hmmm....What did mkt conditions have to with company operations especially in regards to actually restoring operations in a timely fashion?
Better yet why did shareholders equity vanish by almost $100M...$100M...quite a number for a company with only 128.8M s/o...because pipelines leak sometimes? Who knew...Is this not one of the reasons to have a strong board? Remember them....the people who sit/stand around a "table" and discusss company operations....and then hash out a program to increase shareholder value with the person they believe can deliver on those action plans. How would you rate their performance in regards to operational issues here?
If you and Kherson want to "panic" and "blame" mkt conditions for our vanishing equity then by all means that is your right...I believe it is time to showcase those who actually pull the "strings' here...
I never said that I am blaming mkt conditions for our vanishing equity. Looking back, I blame our former CEO for our woes. Having said that, I still have faith in our assets, the question is, can management deliver?
Now since the mkt has turned negative for oil, SGL will have to plan accordingly. Eliminating the dividend is not a sign of panic, but a sign of being prudent...
Kherson