I agree with you on the Baker Hughes sentiment - in the briefing from around 45 mins he addresses the question of recourse (might have been you asking?), but he says "he agrees" that they cost us hundreds of millions.
He does go on to say that seeking recourse contractually and in this industry is difficult due to the nature of operations, and the losses were so big because we're a single asset company (both valid points). We would have probably been at a $1B MC by now without the added dilution we've been slammed with.
The sooner we can take shareholders out of the capital management equation the better.
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7 | 407713 | 0.060 |
5 | 900974 | 0.059 |
4 | 240601 | 0.058 |
3 | 125500 | 0.057 |
Price($) | Vol. | No. |
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0.062 | 1600 | 1 |
0.063 | 18710 | 2 |
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