I am seeing the price of azz creeping down and was in disbelief...

I am seeing the price of azz creeping down and was in disbelief for weeks. I now understand peoples reasons for dumping this stock. The oil price has just hit 2 year highs again and as yet azz has done nothing that we can see with their money. Maybe they have been acquiring leases but if not they are going to have to pay more for leases than when they sold their leases. Works like real estate. If you sell and buy in the same market you will be ok, if you sell and then try and buy back into a rising market you will suffer. This combined with the tax paid (if they didn't buy anything before end of the financial year) has ultimately devalued the company. I do not hold at the moment as I too am a bit concerned about the fact they may not have secured any leases.