I'm sorry to have to tell you this, but when enough little guys get in, the big boys short the hell out of certain stock to clean you out. How they know, I don't know. They just do. Goldman Sucks, JP Morgan, and other big investment banks. They even do it against their own clients! How sad is that?? They know where the stops are put in(which to me should be private information).
wouldn't care if they temporarily stopped the dividend and paid down the debt. It would be prudent at this point in time. I think the people that were worried about the dividend have sold anyway. I think long term anyway.
back from the dead before, I am more than a little concerned about this one. If they are in financial trouble, why not sell out to some company like Exxon? This ridiculous. By the time they get into full production, oil will be back in the 90's, so what is the problem?