terry would, unfortunately, be doing the shareholders a much better service if he were to jump off the golden gate bridge. these are people who are just sucking off the shareholders and you can bet they won't miss a penny in payroll while they guide this to stock to worthlessness. were someone to shoot the entire bunch, i honestly wouldn't feel the least bit sorry for any of them. the only problem is you'd have to line the whole bunch of them up and get them with a single shot to get your 2 cents worth for the bullet.
I did the calculations. It all adds up to the fact that we have the sorriest sacks of incompetence imaginable for a CEO and a BOD. Not a single penny they've been paid has been earned with any intelligent management. What will it take to get rid of these idiots? I'm hoping a meteorite crashes the next BOD meeting and there's nothing left but a giant smoldering crater. Unfortunately, that's about the most hope anyone can have for this stock. Terry's dad must be turning over in his grave watching Terry utterly destroy this company with such profound incompetence. I hope someone attempts a takeout. I'd love to be the one to give Terry the boot out the door. I'd put on my steel toes shoes for that one and aim for the red eye.
Everyone points out all the shorts. But let's face it, the shorts have been right. With management too stupid to even come up with a risk appropriate hedging strategy, here we are.
And we're paying Terry a huge salary for this stupidity?
The biggest problem SFY has is that it's run by Terry Not-So Swift and his Board of Idiots. Together, these morons couldn't run a lemonade stand.
Congrats. Let's vote you a big raise. Wow, what's next in your career? You should run for president! (of Iran, of course). If we could only put you in charge of our enemies, we'd bring them to their knees in a hurry.
Your new goal has to be SFY under $2. You are kicking butt and taking names!
Of course. I have several business interests. I'm busy. I'm not some loser who has nothing better to do than sit around posting under 20 different id's on yahoo message boards, like some people here. You know anyone like that?
How much is SFY losing per share because they just "didn't happen to hedge"?. Probably more then the share price. You can spin it any way you want but management has been grossly irresponsible. It creates little confidence to have such absolute idiots managing the finances. The only hope here is that SFY is able to outlast this and then sell the Eagle Ford property. We'll be lucky to see $8 a share.
jenogibra, it is NOT "his company". This idiot is, unfortunately, working for the shareholders. And if anyone ever deserved a lynching party, it's this moron. Terry is "certain"? And he's guided the stock from $40 down to $3? Do you have a brain?
The problem here is the rock they are sitting on just is too high cost to extract at anything near prices the market is likely to support. it's a bust cycle, and anyone outspending like SD is a goner, for sure.
we need to fire the idiots so the shareholders (who actually own the company) can recover whatever they can get by selling the whole thing.
It's a moot point. SFY is out of cash. They've only got enough to pay Terry and the BOD's salaries for the fine leadership they have provided.
If you're going to get rid of unproductive, unnecessary assets, no better place to start than the CEO and the BOD. Now, those are useless.
Because Yahoo message boards are full of #$%$ who don't have enough honesty to post under the same name. Perfect place for a mentally ill person.
I don't know how you can spin this to make Terry Swift and the BOD look like anything but idiots. The amount they've lost not hedging is vastly more than they are going to recover IF oil and gas recover to $6 and $100. Geniuses? Give us all a break. All of them should be sent packing without golden parachutes.
I hope karma breaks them to paupers, like they've done to investors.
exactly. why should they stop at 20 if they're delusional. might as well say it's worth $1000, and Terry Swift will be the next president.
hoping for a deal in the high 6's. the idea that this will ever see the 20's is beyond a joke. it shouldn't be difficult to find a better managed company. now, if you were trying to find a more idiotically managed company, that would be a challenge.
Terry couldn't run a gas station, let alone a gas company. Absolutely no business acumen at all. If there is a boom and all the boats are rising, he'll do ok because this masks errors. Any tightening of the cycle and, well... here we are. Fire Terry Swift.