+ 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.
what ya complaining about? ya got the 0.015 dividend for September. That takes great effort paying out precious cash while share price hits historical ALL TIME LOWS by the week. This is probably the most idiotic board and mgt I have ever seen recklessly paying out 100 mil per year while saddling the company with 2 billion in debts and very little cash and pawning off NON-CORE assets at the worst possible time to sell!!!!!!!!!
It is actually funny how they get away with it. The dumb down dividend dopes do not care if their wealth goes up in smoke.
get use to it. One last massive plunge intraday to $1 about to blindside ya, will send you PUMPS into hibernation once and for all. then maybe a few of us will try to make some money not follow losers like you off the cliff