if you were in charge and oil was predicted to go as low as 20, what would have you done? Hidsight is perfect, why deplete your resources for 10/bbl and then paying the operational cost? I think management acted responsilby.

Management should have known something about markets behavior.Like the jump towards 145 was to high the same was in the collpase.They better did nothing.

They panicked because they saw the effect of the financial deal for Algar they did in a very bad situation in the markets.So they took to much risk .

If they had hedged thgeir sales somewhat earlier they hadn't faced these problems.

Like many of us we learned a lot from 2 C and some others about sagd operations .So to consider such a risk was playing Black Jack.This cost them a lot of extra finacing .

Just because we have seen their actions it's better to be cautious instead of simply excepting the fact that Algar we be running smoothly.The oil price can bring some support that's a fact .

I said before .For those who bought recently the chance of loosing same amount like those who were in before 2008 is very low .It all depends how long you ride along with this stock.It has potentional but most guys up here take an other approach then it was before 2008.