Useless Management 750 million spent on PipestoneManagement spends 750 million on pipestone, dilutes and destroys their existing share holder based, and now when oil prices are increasing they will put all their extra cash flow into playing of debt. Management is bad and do not know how to run a company.
My guess is that pipestone was a bad bad bad deal, and management will not release any numbers because they feel like the share holders here are dumb or something.
Time for new management, and if pipestone is the property they suggest and they have 750 million sunk into it should they not be ramping up production, rather then chasing down bank debt.
Bad management, dumb dumb dumb.
IMHO