In consideration of the horrible pricing for oil since Nov 2014- How can you blame Eric M? Again childish remarks.
This management has kept YOU alive in an environment that has BK'ed many junior O&G companies worldwide.
If you don't like the party leave! Everyone or almost everyone in this issue has been losing money during the past number of years. One of these day things will change! The Arabs will start fighting each other, Libya will explode, Nigeria will explode, faster growth in Asia all have upside potential for the oils. Russia and Saudi Arabia maybe extending the reduction until Dec 2018. There are many white swans that can appear and drive us higher. SEA is hurt by a weak AU dollar and oil prices that the herd does not believe in. We don't have any debt issue until Nov 2020.
By then either higher prices, refinance the debt or sell the company. If higher prices come our way the assets in the ground become more valuable. Eric has done a great job in a horrible environment
SEA Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held