RE:RE:RE:Topped up today
kensho quote
"The reason IAE is not bankrupt is because of great management with great foresight."
management has proven a lot of ineptitude and misled investors on more than one occaision over the past 2 years. this management imho is no where near great.
the hedges are demanded by the banks and not necessarily managements idea, the banks have saved their bacon so far, not management. you watch what happens if they break covenants next time.
you think it's ok to go all in in a falling market!!!!!!!!!!!!!!!!!!!!!!!! that is the biggest rookie mistake you can make, catching a falling knife. sounds like you are all in too along with gowronggekko and the crow. nutbar made a huge mistake , period!!!!! he could have gone 1/2 in but never all in in these markets.
also when the rebound comes, oil will level out at a much lower price than companies like iae need to make money imho. iae will not survive the next 2 years imho.
cheers and better luck next time. ferret
ps wcp looks interesting after their div cut ( still a great rate) and decision to cut drilling and let production fall a bit. at least u get paid to wait.