Re: Hillsdale out
I think if the company doesn't address shareholder returns than some of these larger players will make an effort to change things, just this group and the IV Board group would control over 30% of the company, more than enough to make significant changes.
I would of liked to seen them spend 32M on CAPEX instead of 37M and instead double the dividend...if they could be paying a 10% Dividend and show they have the P2 Reserves to maintain it indefinitely so long a oil is north of 55 bucks than I think we would valued in a much different light... and even if we were not the returns would be enough to keep the natives on the reservation...
Alas, we are but pawns in this game and will have to await one of the big boys move...
Cheers