Post by
Dibah420 on Nov 08, 2021 9:07am
Where is Colborne's nimbleness?
Long term ('14 to '21) tanking commodity prices, bad debt acquired at the wrong time, poor hedges ( '19 & '20), have led us to where we are.
All this is not new to Paul who in the past has shown remarkable nimbleness in adversity.
Unless and until he shakes the loan sharks off his back his ability to manoeuvre will be limited.
Just my opinion.
Comment by
Baystboy07 on Nov 08, 2021 10:05am
Bad decisions have led to this...every day we underperform all other companies...these idiots don't even do a quarterly call because they know the investors would be pissed...the whole board and management should be fired and the company out up for sale.
Comment by
Dibah420 on Nov 08, 2021 10:16am
And a selloff at firesale prices would pissoff even more shareholders.
Comment by
Baystboy07 on Nov 08, 2021 10:32am
Not at fore sale prices...put the whole company up for sale....who can say they have faith in this management team...let someone else run the assets.
Comment by
Theconsortman on Nov 08, 2021 11:00am
That has been the question in my mind. Why has this management team been allowed to continue? Are they all in place because they answer yes to JC? If you recall Surge brought in an exec VP to run operations but was run off instead in a few short months. I suspect he told JC a few things that were not appreciated..
Comment by
Theconsortman on Nov 08, 2021 11:01am
Sorry PC. keep thinking about the son hockey player lol.
Comment by
Baystboy07 on Nov 08, 2021 11:22am
It's at the whim of the majority shareholder.
Comment by
WanTBe1 on Nov 08, 2021 11:29am
Oil might be double today's prices without OPEC+, UAE says