It’s just the never ending circle with these boards. The boom...

It’s just the never ending circle with these boards. The boom and bust. STO was being talked about as being in dire straights regarding their survival just a couple of years ago. Caught with their pants down when they thought oil would go up forever so why bother with hedging. No they saved their butts with a couple of capital raisings at multi year lows. Then the big turn around strategy which just so happened to coincide with opec having decided they needed a higher price for the worlds most used commodity. Yes the board is wonderful, their strategy is STO’s saviour. The offer of $7 isn’t good enough for them now because their strategy is really paying off with the paying down the debt that nearly sent us to the crapper. What should we do now ? Yes I have a great idea, we will borrow another couple of billion to buy Quadrant energy and to keep the doughwackers (shareholders) quiet we will do a capital raise and pay them a dividend. WOO HOO we are a great board now this new strategy is working so well.
DYOR
Regards Tommy