100 mil out the door each year while stock price is at all time lows? Clueless people running the company. stock buyback with that money is by far best response
that is bothersome. They led this ship into this mess...high debts, no cash at the wrong time in the cycle.
They will say it is the oil prices. Yes there is an impact. Did not hear them saying it was the oil prices at 90-100. Just taking big pay increases and all the credit. They blew it big time. And they still continue to blow it by paying out 100 mil in dividends and not cutting costs to the bone....including their own salary as a shared sacrifice as shareholders have been OBLITERATED. The stock is trading like many of the other crappiest energy shares at new ALL TIME LOWS! Get angry sheep. You should be. Demand change. This company can make it, but much better without the overpaid now.
Where is the pay cuts at the top to help the company weather this storm? Across the board cost cutting and survival mode actions. Everyone at this company should sacrifice NOT ONLY the shareholders! Good luck shareholders, better speak up loudly and get their attention.
Another Moron shareholder. Howzzz that 0.016 dividend treat'en ya today? New Lows! who cares right? Gett'en the divie! GRIND!
Hey PT what indicators would make u call a bottom? Is it fool shareholders finally selling out?
BUT BUT they paid you a 0.016 dividend for August. Hopefully you FOOL shareholders thank them for that great dividend while your shares just drop a little into all time lows again.
blah blah blah but you FAILED to mention the 2 billion in debts with little to no cash balances and to top if off still pays 100 mil in dividends? hello who is managing this business? what about the recent shelf filing? what is that all about? what is the state of the non-core asset sales? probably alot of smart lowballers making offers. why pay up in this environment.
just grinding lower. fool shareholders just take it while leadership does nothing but pump their generosity to pay a dividend. where is the bottom as stock price just melts away?
Insiders are NOT buying so why should investors
good luck with any insiders buying? these guys pat themselves on the back for just paying a dividend even though it is the wrong decision to pay a dividend with so little cash and the share price hitting all time lows daily. share price performance has been atrocious. fool shareholders should demand their firing or a pay reduction across the board to conserve cash.
The company is highly indebted with little cash and it is in a commodity business. normally a poor situation. if they used the dividend payout to help with debts it may help alot.
u are an #$%$ your non-sense talk earlier probably gave a few shareholders comfort to add more shares at higher levels. The shareholders MUST tell this 2.7 mil paid management team that they must resign and cut the dividend now. Got to go into preservation mode immediately. Should have been done 6-9 months ago.
i blame you for your non-sense talk earlier and probably impacting a few to buy at higher levels. The few on here that warned of this debacle were marginalized by imbeciles like you.
as of 12/2014 current ratio is 0.80
Current assets 387 mil
Current liabilities 517 mil
Not good considering such little cash. Must be tapping the credit facility to cover some of the maturing debts now. YET the management continues to pay out 100 mil dividend which is insane considering the current oil environment. They are mostly to blame for such high debts of 2 billion and so little cash and leaving themselves a poor timing to sell non -core assets at the worst possible time.
dumb dividend fools bought into this non-sense that this is a high dividend industry. It is NOT. This company has been mismanaged. Why? They have way to much debt, very little cash, going to sell assets at the worst possible time and still pay a ridiculous dividend as a diversion for very poor long term performance. Wake up fools and get someone to run your company that knows how to run a deeply cyclical business.
A guess but this stock is going to touch $1 at some point this fall imo. May not stay down long but start getting angry since you are losing your wealth.
end the ridiculous dividend reinvestment program. Share count continues to go up big while shareholders not participating are diluted. Insane to be issuing shares at these prices. An Icahn type needed to shake this organization to its knees and revamp it to a shareholder friendly company. First and foremost is shareholder wealth at all costs should be preserved not evaporating into thin air year in year out.
Why is management and this useless crony board of directors not buying stock at these Historical all time low prices? These underperformers lead this company show some confidence instead of lip service.
What BS! This company has obliterated the wealth of shareholders. Why does this company have $2 billion in debt and little to no cash right now? Why do they have to sell assets at the worst possible time? Whta do they have a registration shelf filed? This company has been FINANCIALLY mismanaged imo.
They continue to payout some dividend when cash is desperately needed due to some dumb down dividend morons.
The stock is trading at historic ALL TIME LOWS. Explain that away. This hardmetal sure sounds like a paid stooge. Shareholders should throw the bums out. New all time lows this week. Waiting for ultimate capitulation
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.