RE:Still Making money at US $40.Here you go.
Reality is that the shares have dropped 15% in value in the last two weeks, despite your comments about hedges.
The problem here is simple: the company pays a dividend larger than it earns (real profit after tax). The result is that the shareholders value gets depleted, month after month since the dividends come directly from the shareholders value, not from new after-tax earnings which would add to retained earnings.