what about the freaken pay cuts at the top of the food chain? these underperformers been reaping for years while little peon dividend cash incinerating shareholders go bust
But but but it's not Mgt fault or the board saddling this company with high dividends payouts and massive debts. Is this what experience does for ya?
Hey lets run a company financially into the ground and get raises for it!
ASK YOURSELF THIS; WHY DOES THIS COMPANY HAVE 2 BILLION IN DEBT AND LITTLE TO NO CASH IN A DEEPLY CYCLICAL BUSINESS? WHY?
iguru is a corp stooge. Anyone with half a pea brain can see this company FINANCIALLY has been mismanaged. Explain away iguru why this company has $2 billion in debts and was paying out a dividend and having to sell non-core assets at probably the worst time since the 1980's?
Fire the Board and MGT. These clowns act at the bottom? PATHETIC. Real good job riding it all the way down and in desperation finally reduce the dividend. It should have been eliminated a year ago!
Where are the pay cuts at the top for Poor performance?
The asset sales must be going real well? cough. Great job carrying so much debt.
+ the massive $2 billion in debt. But that's not leaderships fault. THIS IS WHY E&P COS SHOULD NOT HAVE MASSIVE DEBTS AND PAY OUT MASSIVE DIVIDENDS and have NO CASH!
its called a campaign promise to keep one's job. Unfortunately there are to many dopey money losing shareholders who can not do basic math to see their wealth just was decimated.
come on across the board pay cut reductions at the top? No way. They should be fired.
This sector was mismanaged by many people and there should be across the board firings. This company carried a boatload of debt and little cash? A recipe for disaster not shareholder value protection!
shareholder value are going up in smoke or a debt restructuring. Either way shareholders will be the one's holding the bag while debt holders and mgt continue to keep getting paid.
this company will pay out in the 2 months including sept aug over $17 mil in dividends. why are they still paying out money with such a high debt load, very little cash, selling assets at the worst possible time and crashing energy prices.
INSANITY! Disclosure neither long or short just looking for a big trade. Shocked that this is going on at a multi Bil Enterprise company the FOOLS shareholders keep the same people in place? hello?
this is kamakazee type of decision making we are witnessing folks. But ya get the 0.015 dividend in Sept. Hey congrats $1.15 and falling. Insane.
harry, They have done everything to survive? Are you a corp stooge posting here?
WHAT THEY HAVE DONE IS lOAD THE COMPANY UP WITH debt $2 BILLION WORTH, LITTLE TO no cash, LOOKING TO SELL ASSETS AT THE WORSE POSSIBLE TIME AND HAVE FILED A SHELF REGISTRATION. tHEIR TIMING AND FINANCIAL MANAGEMENT DOES NOT GET MUCH WORSE THAN THIS. STOP THE EXCUSES. THEY WERE IN CONTROL OF THIS COMPANY FOR A LONG TIME. THIS IS A RESULT OF ALL THEIR PAST DECISIONS.
YET this mgt compounds the problem by paying out this IDIOTIC dividend at the worst possible time since they must believe it buys them their JOBS!
Such fools allow this to continue as this stock trades like other SOON TO BE BANKRUPT COS. What a bunch of loser shareholders. You have been absolutely obliterated but ya can't do the basic math to realize it.
why? The facts are staring dividend dopes in the face but they give mgt a free pass here.
LOOK ya dope:
The company is staying alive ONLY cuz they have some hedges in place. If they did NOT hedge you would have to admit that this company is in a real BAD financial position.
$2 BILLION in debts, LITTLE cash, selling assets at the worst possible time and a filed shelf registration. It does not get much worse.