yeah i agree - call me crazy but i'm picking up some more. I think the updates/reserve is something they want to keep up their sleeve once debt is cleared, CEO appointed, squabbles sorted, hedges complete and new risk management program in place, and ideally, [x] amount of new reserve...
Wasn't ideal but i think they want to clear the decks and present the business in a couple of months in as positive light as possible, i.e all the crushing history of the company is long gone and will try to present it as a new business with a bunch of core fundamentals in place, i.e. management, strong B/S, operating margins, hedging and a strong reserve...
Call me crazy as well.
Ann: December 2016 Quarterly Report, page-7
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