Hession hater???

[davidhmtk]

Dr Hession cut a deal with Total to sell assets when oil was $100 a barrel with 2 uncapped payments .

Further he cut a deal to sell the refinery when oil was $90 a barrel .

The company reiterated a resource payment in 2015 based on asset size . Jan 12 th slides .

So far we have 2 new discoveries under his leadership .

My Report Card:
A. The deal w/ Total, +1 :The deal was necessary and the prices look much better with the increasing gas and dropping global prices
B. The drilling execution, -3: High pressures were a surprise? He took over in May and didn't drill until March, should have upgraded equipment
C. The exploration results -1: Went for oil with the gas and hasn't found the oil.
D. Selling the refinery +2: Good price, the cash provides flexibility
E. Shareholders: -3: Hasn't brought in new investors, leaving stock at mercy of manipulators, long or short. The policy of information silence leaves small investors at a bigger disadvantage than usual. Much better would be weekly update calls with Laurie Brown