I agree..long term holder still under water...disgusting dividend.
Put this company up for sale and get some good management in.
stocks like ERF PWE NFX could be bt out of Exxon's etc petty cash. Exxon bt XTO ..ECA looks cheaper yet. Then there is CVE and SU...however these may run into Canadian issues.
Seems like it's cheaper to buy existing properties v/s going miles down in the gulf etc...
Any thoughts?? Looking to add to energy holdings but most have gone nowhere!!
I agree...mail box is full from both sides. It will be interesting to see how close the vote will be.
Where can you find the final numbers? Company web site?
I'm a long way from break even on RIG....paying dividends will ease some of the pain.
ERF PWE etc could be purchased by Exxon out of it's petty cash. Their market caps are so low. Exxon and other majors are looking for new reserves and these two do have vast land holdings.