RE:RE:RE:RE:RE:Management spending with empty pocket- WannabesMaybe take your anger out on our government instead. Not managements fault we can't get a pipeline built in this country. Maybe blame it on the pot companies that bleed investment dollars out of other sectors, To fund a cra% industry that will provide nothing more than minimum wage jobs.
Cambridge sold over 12 mil shares. thats a lot of shares for this company. You are lucky the price didn't go lower. Buying back shares does nothing in the long run. Even though they stated they would anyhow. This company trades north of 50,000 per flowing, they can drill for just over 20,000. So by buying back shares you are paying over 50,000 per flowing. Water fflood brings the decline rates down, so not all your CF goes to replacing production. These guys are paid to run a oil company not to pump investors a$$es full of sunshine so you can make a quick buck.