Sharky:

"They burned to much cash and made wrong decisions.One of the last was curtailing pod 1 for only a few weeks cause oil price made a quick dive.They were at nearly 10.000 bpd and after the curtailing they needed ESP pumps"

I know you're a technically minded trader so I understand where you're coming from..When the decision to curtail POD 1 was made oil was in the 30's trending down and in a serious contango situation.Obama was in FULL DOOM AND GLOOM MODE and demand was tanking. It would have been foolish to continue pumping out oil when prices and demand were tanking, especially if you've got limited storage capacity...EVERYONE was cutting back production at the time.

Hindsight is 20/20 If Management didn't cut production ( and expansion of Algar) and oil went down to the low 20's as some were predicting,and demand continued to fall, I SUPPOSE EVERYONE WOULD STILL BE BIATCHING but about how irresponsible management was for NOT cutting production.