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I guess their business plan (pure genius) included oil going down to 75 or lower.If that is the best they can predict, this company is in major, major, major trouble.
1) The stock already tanked prior to the hedging loss announcement. 2) This stock would be exactly where it is without the Citgo deal. Do your homework.3) You may not like the Citgo deal, but that's not the sole reason the stock sucks right now. Look at the industry - all of their peers are performing poorly.