GREY:TBTEF - Post by User
Comment by
bshort92on Apr 06, 2015 6:46pm
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Post# 23602076
RE:RE:UNDERPRICED
RE:RE:UNDERPRICED
Investors have been constantly burned on this issue. That's why the shares have gone from $3 to .70. Management and the BOD have shifted their focus numerous times from NG to heavy oil to light oil at Princess and now medium oil. They have stumbled repeatedly on the op's side with blindsiding production shortfalls.They over promise and under deliver, they overpay for poor assets and second rate ops personnel, they act confident but always come up with excuses at earnings time or when reserves get revised always downward, They over pay on salaries and stock options instead of rewarding performance. That explains in a thumbnail why the shares are undervalued plus the overall investor base is nervous and quick to bail because of this behavior. Examine the antics of the guys who run BNE or TOG or WCP or CJ and then you get the drift of how to execute and get things done right.