I tend to agree with your take. I am also hoping there will finally some good news coming from Ultra Deep, recent strong rally in GULTU indicates to me that soon there is going to be revenues derived from this play.
CRZO has doubled stock price in last one year, these bozos have lost us ton of money, but Schiller helps himself to more than double of what CRZO gets. EXXI has an army of incompetents on top milking this company and delivering negative returns. Risk manager gets $734,000 just on salary alone and loses money on hedges? Lets hope analysts which are just as incompetent do not start downgrading. They better leave their usual arrogance at home and have a good conference call.
I think they believed their own lies that their reserves were worth a lot more that stock price, so they borrowed money to buy back shares, they are stupid amateurs playing future market and investing our cash on their own shares, and futures market with bad timing on both. I think they are being doped by bankers.
Schiller in my opinion is an incompetent hipster. He should stay home and not go to the Credit Swiss investor conference, no one believes what he has to say anyways. Blaming the poor performance on commodity prices when nat. gas prices are double last year and crude was at decent levels on a very poorly written press release with little explanations, to me it means Schiller is finally tired of his own words. What a pathetic company.
ANV is soaring on a tender offer from Chines this morning, IAG is even a better deal at over $9 in book value and a very decent finances, watch out for industry consolidation. A $9 offer for IAG would be in line what ANV got.
This company could have measured oil flow from the oil section of the sand, I think they measured gas and oil to lower the stock price to price the new year options low, and then let the good news out. Just a guess.
Who are you? Her husban or something? What does she know about oil business? Right a lawer, and politician make a great oilwoman. Sounds like favoritism to me.
I think I read somewhere that they can not export LNG, per contract the gas must be used domestically.
This company more and more looks like a investment banking fraud. Goldman and the crowd put this thing together with $500 million seed money, before the company would produce a drop of oil they pumped the stock, sold shares and took out 4 times what they put in ( $2 billion ), and they still own a lot of shares. Now they are nominating a woman with no oil and gas experience to the board. Doesn't this make you sick?