A little perspective..

[admin]

Company	Ticker	Industry	12-month closing high	Closing price - Jan. 22	Decline from 12-month closing high
Chesapeake Energy Corp.	CHK, -15.95%	Oil and Gas Production	$21.26	$3.51	-83%
Freeport-McMoRan Inc.	FCX, +0.00%	Precious Metals	$23.66	$3.94	-83%
Consol Energy Inc.	CNX, -7.14%	Coal	$35.04	$6.16	-82%
Marathon Oil Corp.	MRO, -9.76%	Oil and Gas Production	$31.19	$9.02	-71%
Ensco PLC	ESV, -7.42%	Contract Drilling	$31.93	$9.57	-70%
Southwestern Energy Corp.	SWN, -9.58%	Oil and Gas Production	$29.25	$8.77	-70%
Micron Technology Inc.	MU, -5.33%	Semiconductors	$35.53	$11.07	-69%
Williams Cos. Inc.	WMB, -7.24%	Oil and Gas Pipelines	$60.86	$19.74	-68%
Murphy Oil Corp.	MUR, -4.43%	Oil and Gas Production	$51.77	$17.59	-66%
Kinder Morgan Inc. Class P	KMI, -7.50%	Oil and Gas Pipelines	$44.57	$15.34	-66%
Source: FactSet

[Palm]

How many of these are on the list of comparatives for IOC?

[petrengr1]

Company	Ticker	Industry	12-month closing high	Closing price - Jan. 22	Decline from 12-month closing high
Chesapeake Energy Corp.	CHK, -15.95%	Oil and Gas Production	$21.26	$3.51	-83%
Freeport-McMoRan Inc.	FCX, +0.00%	Precious Metals	$23.66	$3.94	-83%
Consol Energy Inc.	CNX, -7.14%	Coal	$35.04	$6.16	-82%
Marathon Oil Corp.	MRO, -9.76%	Oil and Gas Production	$31.19	$9.02	-71%
Ensco PLC	ESV, -7.42%	Contract Drilling	$31.93	$9.57	-70%
Southwestern Energy Corp.	SWN, -9.58%	Oil and Gas Production	$29.25	$8.77	-70%
Micron Technology Inc.	MU, -5.33%	Semiconductors	$35.53	$11.07	-69%
Williams Cos. Inc.	WMB, -7.24%	Oil and Gas Pipelines	$60.86	$19.74	-68%
Murphy Oil Corp.	MUR, -4.43%	Oil and Gas Production	$51.77	$17.59	-66%
Kinder Morgan Inc. Class P	KMI, -7.50%	Oil and Gas Pipelines	$44.57	$15.34	-66%
Source: FactSet

Wow! I didn't know how great we have been doing. IOC is only down 56% from it's 12 month closing high. Of course we are down 70% from the high we reached on about Oct. 31, 2013.

Heck, we're up 105% from the low we hit about Oct. 31, 2008.

[Palm]

The answer is none of those companies are listed as comparatives in IOC's MIC to judge how well the BOD feels the company is being managed.

[admin]

Well, it's pretty difficult to compare IOC with any other company. They are not producing, they are hardly leveraged, they have substantial payments waiting that are unrelated to energy prices.

It's not more than a rough indication, without doing any deep DD my guess would be that the worst affected companies have severe balance sheet/cash flow problems.

[Palm]

But if we are going to compare IOC to any companies it should be those the company itself deemed as comps. That's how MH is being judged by the BOD. I have no idea how those comps look, but that would at least mean something. Those companies are listed in the 2015 MIC.