RE:$7.79....unrealSadly...This is one of the worse performing stocks in my O & G portfolio. Some time ago I voiced the opinion that not only did the CEO bear some responsibility for the company performance but so too did the Senior Management Team and the Board. many of these folk were chosen because they shared similar values to those of the CEO - simply replacing the CEO and a couple of senior management DOES NOT change the culture (a bit like throwing a couple of the chairs on the Titanic overboard as opposed to simply rearranging them) . Until there is a cleansing of senior management AND the Board this company will not move forward. We have tax loss selling almost upon us - without a significant change within days to weeks, I am afraid we will see the share price in the4 - 5 range which will mean of course the divy will go (hard to have a divy of upwards of 9% with a share price continuing to fall).
I don't pretend to be an oil tycoon, however, its difficult to understand how the price of oil can touch the 70.00 range and we continue to go down.....I could buy it if ALL the oils are down....but they aren't and I don't think you can blame everything on Trump.
Too bad the BoD and Senior Management are so untouchable.
Sad
Cheers
Rusty