No surprises. The only question is if these are seen as improvements. Several people have already posted that they can live with a 5% yield, but historically that is not the way it works. The share price goes down in order to raise the yield to the 8-10% level (E&P is a risky business and demands a higher yield).
It'll be interesting to see what happens today. So far in the premarket there's some weakness, but nothing terrible, the usual kneejerk sellers to the news. This could finally be the time to think about going long on it, but I'm in no hurry to make that rush to judgment, I'll wait until the dust settles and see what direction it will take, whether follow the historical pattern or finally buck the trend and actually go up on the news. End of the week should tell the story. GLTA
With the other cost cutting decisions plus the news of a management change, there should be some improvement after the third quarter financial statements come out. I expect a 10 or 20% improvement in net earnings next quarter.