RE:RE:Nuttall/Share price compared to WTI I bought this stock before Nuttal starting pushing it (have added more when he came on board). I had to hold my nose as my major concern is in regard to the quality of the Mgt team. The value is there, but to date they have not shown an ability to maximize the potential in a positive oil environment. I would be surprised if they have bought (they should be!) any of the bonds recently at a 5% discount. They certainly are not putting their money on the line.
I am hoping my negative feeling towards the Mgt team is not warranted. I would think that Eric Nuttal would not have bought if he did not think that even an average Mgt Team (and this is what they are), could not do well in this environment.
The longer they wait in regard to the refinancing, the greater the risk. Hopefully, they are not being a penny wise (holding out for a few basis points on the refi rate) and a pound foolish.