RE:RE:Stena DrillMAX to spud Sapote-1 later this year, drilling atWCP, here is the clue!
The same management who doubled down on 10:1 stock of OYL, will now rescue their FEC stock with a buyback on the open market.
Fact of the matter is that shareholders were burned by the destruction of PRE.
I can bet good money, this will not help the SP of FEC over the long run.
What a bunch of "smart leaders"!
I was hoping to get out by the end of this year, with a drill bit in the ground, but looks like that's not going to happen. Should have sold in 2015 when Liza was discovered. SO, for the aggressive hopiums who's going to bash me with "sell", I say sorry friends!
I do understand FEC is here for the long haul, but they're a really poor management.