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clock Created with Sketch. 04/07/18
18:11
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Originally posted by hilly_sandman
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ID kept SXY cash positive throughout the rut in oil prices - other less strong hands have been hamstrung by high debt positions and lead to erosion of SH wealth... The strategy to only focus on high return oil plays was made very clear to all SH's (years ago - it was also made clear that field decline would occur, i.e. don't complain now for what was already known and made clear), with SXY choosing to conserve capital and focus on the gas assets after free carried finished... ID has made some excellent deals - and here we are now in a really good position to capitalise on these deals... If you pay peanuts you get monkeys...I think you need to look a little longer term than the last 18mnths to make a fair judgement on ID...
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hilly - you're a pretty good judge- but have you gone back and worked out how much Davies has actually cost when u work out all the equity incentives -he's been paid like he's an A class superstar, yet in reality the stock just rides the cycle!
