RE:RE:Cfo re.signs
I think that you have to listen to the Q4 conference call to get a flavour as to why Matt was shown the door. Listening to Yanko, my summary or interpretation is as follows: the board did not believe that Matt was able or aligned to the vision which is to shrink, and quickly, the large disconnect between the share price and NAV of close to $10. Even at current strip prices, 2P NAV is around $6 per share also per the conference call. There is also a strong sense of urgency to reduce the debt. My take is that Matt wanted to keep the company as a whole and to wait for better oil prices for the share price to take care of itself while Trent is more conservative and nervous and wants some action now: partial sale or all.