RE:RE:RE:Lazy job by management I think this is a fair criticism. More than any other O&G company, this management team looks out for themselves at the expense of shareholders. They don't even try to hide it.
It's a problem that will never go away unless the exec team is cleaned out.
churchofnutsacc wrote: Management are paid like bankers. Management's motiviation is not to drive value for shareholders, but to keep the party going for as long as possible so they keep getting paid. Shareholder value is the least of their concern which is why they never buy shares on the open market. Refinancing at 9.75% is bad enough, offering a wall of warrants in addition is an insult to all shareholders.
I feel bad for anybody that might have averages in the dollars. You'll never get your money back - not with this management.