RE:RE:Good morning $90 oilRoscoe, I have to agree. Management really screwed up by trying to pump up the share price with a dividend they couldn't afford. Now, like you say, they are in a "fool me once" mode as no one trusts them anymore.
And the missed guidance made investors look a little closer at the company, and realised it really was a second rate producer with their scattered and depleting assets. Every barrel they pull out of the ground costs more than the last one.
There are some really good oil/gas producers out there that trade cheaper than this one, so which one will people buy? I can answer that pretty easily.