Cant fully agree with your reasoning. However, I do agree with SSN mgment bashing as new national sport - no argument. They have placed themselves ahead of all else.
If I use your figures, then when SEA was a struggling minnow with production same as SSN at present, then
SEA Admin cost $3,200,000
SSN (est) BOE in total (including gas) = 19,721 BOE
Admin over (BOE*$90) = 1.62
Don't get me wrong, I am not SSN defence poster but just trying to keep things in perspective. From that point of view, Yes SSN is over paid but what really bothered me (about mgment behaviour) was their complete disregard for sholder when they effectively shut down public forum (HCopper) to railroad through their remuneration increases. That was turning point for me.....at time when SSN was seriously struggling, SSN mgment greed came to fore.
Have trusted company with my investment, only to see it squandered.
Q: Any one have idea of payout packages?
Sentiment: Fed up
MS
SSN Price at posting:
2.2¢ Sentiment: None Disclosure: Held
