I don't thinnk it's a mismanagement issue. Seems to me the egology of Wolfcamp is complex and ill suited to a small player like MPO unless we got lucky - someone with deeper pockets could make a go of it.
The gambler in me says mothball the company, sell assets and return cash to shareholders. I bought into an asset trading company not a production co - I know I should have sold out when the change in focus was made - but didn't. The likelihood of 50c plus a share in a wind-up vs nothing or $1 if everything goes right from hereon makes the 50c the better bet.
MPO Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
