I think much of that is factored in. I also think that the CEO...

I think much of that is factored in. I also think that the CEO was in for a short time and they decided it wasn't working out for some reason. Shirt happens - and he was an "expansion man" most likely. Financial controller/Accountant types can be good CEOs, as long as they know the boundaries of their knowledge. They can especially be good at forcing hard decisions, and focusing on financial returns over having business adventures.

CDD's US income isn't necessarily related to the price of oil and gas. They made a stack over there due to a hurricane. Think environmental issues. There is a gas pipeline being built - etc etc. Would be better if the POO was much higher - no doubt however.

I'll happily short it - but I think the CEO issue is a flash in the pan, and writedowns - they are coming anyway, and are factored in hugely.

Short this and you risk a takeover offer too.