Yes they rolled the dice and much was to do with upside bonuses...

Yes they rolled the dice and much was to do with upside bonuses for management.
Now just another highly leverage company with diminishing balance sheet that is going to be forced to sell assets.
Some say the current share price is a bargain ......some say it is fairly priced.......I say take a look at other commodity companies that have been in this situation(there are many) and I think you will find the company looks very risky.
Like I say I am happy to hold but very happy I only own a few as this could get a lot worse