RE:RE:Why no earnings?Market is not rewarding the company for its growth and punishing for its debt and high total payout ratio. The management should get the message. Reduce capex and pay down the debt. They had total payout ratio over or around 100 %. They are trying to sell some assets to pay down the debt. Sale of few hundred million is not going to make a big difference on debt of $4B.
Management had taken some very aggressive decisions and has turned away investors. Not very investor friendly approach. There is general lack of interest in all Canadian oil stocks. But this stock which is a light oil producer is stuck close to its all time low even when the oil prices have almost doubled from the bottom.