It’s all part of the 5 year plan!Year 1: Lose hundreds of millions, but increase executive pay by 140%.
Year 2: Issue more equity at $6 / share in order to explore new play in Nunavut. Reward forward thinking executives by issuing 20 million options at $3 a share.
Year 3: Increase debt by $1 billion in order to drill 12 more wells and get another 300 boe/d of production. Have Board optimize executive compensation by aligning it with peers at Apple and Facebook and issue $70 million of new stock in order to pay for it.
Year 4: Spend $500 million over capex budget in order to increase waterflooding at new play in the Yukon. Write it all off when you realize water freezes at -45 degrees. Reward executives for thinking outside the box by increasing bank credit facility by $100 million and issuing it all to them as a Xmas bonus.
Year 5: Get booted from the TSX and NYSE afterbatock stays below $1 for one year. Optimize executive pay and enhance shareholder returns by buying back executives underwater options for 10 x book value.