RE:This Is The QuestionCan't blame it all on the PM, the oil companies in North America are just as much to blame. Shale drilling like no tomorrow. Oil sands expanding on and on. My hope is these cowboys learn a lesson one of these days. All the companies need to quit drilling for on full year. And the handouts go to the drillers and service companies. Russia and OPEC are going to show these morons once and for all what kind of idiots they really are Exxon Encana Chevron ect .WCP tried their best they cut production paid debt down and so on but the market still beats them into the ground.
I am hoping this is the last time this happens as IMO there very few investment dollars left for this sector. I bought this company because managemnet here did the best job of looking after their company. their debt is manageable they hedged they had FCF and they didn't try to increase production. Most companies didn't do that.