Willial,
Cue has not been very successful on the exploration front, but then that is a low odds game and really is par for the course in this space.
As for your argument about management, imho it is a pretty empty and baseless case you wish to make (probably due to your own dissappointment with exploration), and you fail dismally.
Cue management has in fact undergone a lot of change in recent years, and it has not been same old same old board appointees to the board.
The major change in board composition was in fact the major shareholder identifying and nominating a selection of new directors with theirs and fellow shareholders interests at heart.
Plenty of oiler boards fit your stereotype, Cue's does not. Whether it is any good is another matter, as is whether you really should be in the high risk game of junior oilers yourself.
EL
going no where, page-26
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