Christ people, it's a high risk speculative exploration O&G stock in a downturning market. Of course it's taken a beating. RC can't pull O&G out of his arse (well, perhaps the latter). But let's look at it for what it is as this speculative O&G explorer:
Two majors have invested some 300 million dollars in exploration
It continues to have vast tenements of massively underexplored land
It has an extremely experienced and senior management team
It's producing from two assets, soon to be three.
I don't know what the negative nancies want from this stock. What kind of announcement have you wanted or have you been waiting to come out? What kind of things should RC have been doing that you armchair generals know he should've been doing differently? Simply put, for what it is at it's fundamental level, this is a great stock with a lot of potential that's being managed extremely well. All that's left is for management to continue working as well as they have been, and to hope for fortuitous drilling results.
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