Incredibly inept management ! I have never seen a management team destroy shareholder value and confidence as the clowns, and I'm being kind, that run this company.
They are so focused on share buybacks that they have forgotten or just ignore the massive debt on their balance sheet.
Let's try this;
1. Put all of your free cash flow to debt reduction and stop buying back shares and also stop the measly dividend.
2. Rationalize your assets and figure out what's going to happen work at $60 per barrel of oil because there's a good chance we're headed there.
3. And if oil does go up and once most of the debt is paid off then reward your shareholders with a special dividend or something similar.
It really shouldn't be that hard ... and finally stop issuing news releases if there isn't anything good to report. It really detrimental to the stock price.