OTCPK:VREYD - Post by User
Post by
filefishon Mar 02, 2020 4:42pm
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Post# 30758027
Lack of proper hedging
Lack of proper hedgingAre the TOG Board of Directors gamblers or just stupid?
Company" stated objective is to be dividend sustainable. They had plenty of chances to hedge an appropriate % of production at WTI 55+ for the past year to protect the dividend at .025/mo. Just dont understand why they didnt. I know 20/20 hindsight is clear, but I do belive their lack of any action on this needs to be met with investor reaction. Mine will be to vote my 110,000 shares against each Board member . Message needs to be sent. Hope others will also act accordingly.