The thing is, this board of directors accepted this garbage bid know full well oil would move off the price it was at time of bid.
There is always some geo-political drama happening over the course of time and it always leads to price spikes in oil.
Its as sure as the sun coming up tomorrow.
IMO this board has sold us all out for well under what is fair. They can wave a valuation in our faces (those things ALWAYS back the supported bid, so are not worth the paper they are written on IMO) but we all know its crap.
Shame on them.
Add to My Watchlist
What is My Watchlist?