Will Management Wake Up?
Clearly managements communication to the market is dismal and misaligned with the share holders best interest, or the performance of the stock would be significantly better. Listen to the last quarterly report, I am tired of listening to the management tell us how great they are, just trust them, were a few quarter away from free cash flow. They are in the penalty box, and should be fired, starting at the top. This is not the time for discretionally spends, they should be paying for their own coffee at work by now, for the kick in the teeth their shareholders have received. All that is important is Free Cash Flow, Maintaining Production, and positioning the company to be opportunistic when opportunities come along, rather then spending a wad on water or gas plants that are likely wasted investments in this environment. 500 million more on the balance sheet is a 1.50 for each investor, or a 20% upside, not we have a gas plant with no purpose that we will start depreciating. Management is stupid, that all I can say....