cut the dividend to zeroand save 97 million a year, not that would be a smart move by management
plus if you are going to sell the company you don't need a dividend
next cut all salaries by 20% and that will save tons of cash as well.
if oil prices fall back again this company will need to make some serious decisions, but I doubt managment will make those necessary decisions.
like I said earlier from abuyers perspective, there is no urgency because it's a captive market for buyers limited to current stakeowners and no other foreign buyers will be allowed by the feds.
take the 13-15 offer if there is one and run is my recommendation to the board