RE:InsanitySonofmshade wrote: https://www.google.ca/amp/s/www.forbes.com/sites/bryceerickson1/2019/04/23/2019-eagle-ford-shale-economics-challenging-for-valuation-title-belt/amp/ As incompetent as this management team is, based on this transaction history for Eagle Ford property - at 39,000 daily production the company should be able to receive between 1.9 - 2.6 Billion for this asset alone. That’s at a bare minimum. But even if it’s at lower transaction price - still a very valuable asset.
So all this bullsh*t being stirred up about not being able to make a 400 million dollar payment a year and half from now being a big danger to the company is nonsense. Management needs to get off its as* and monetize its assets and make the situation better. Not sit on its hands. You are over paying yourselves a lot of money so maybe perform or god forbid buy some shares yourselves?
the companies that have actually made some moves are all performing better than these clowns with their “let’s wait for 5 years and hope something good happens” strategy.
"There is a season turn, turn, turn" You want it to be sell season, but it in fact is buy season. Work with the market instead of against, and buy more as I have recently. Yes at a higher price, but that is the way it goes.