I would think that most of the claim would be against those who are responsible for the alleged wrongdoing, not SPO shareholders themselves. IMO, that would be those on the Board then, and the previous CEO and CFO.
The good news is that CEO Martin Sheppard only came on board in December, less than 2 weeks before the downgrade. One of his first actions apart from the downgrade was to appoint a new CFO, Nigel Chadwick in place of Danny Agnoletto.
On the Board, there have been 2 retirements and 2 new appointments.
So the existing CEO and CFO have nothing to fear, as do the 2 new Board members.
Things could be a lot worse.
SPO Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
