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“Shareholders don’t want to wait 20 years for a payback. We’re setting ourselves up to sell. Ultimately, that’s what we want to do. Shareholders want a big return and they want a quick return.” -Philip O’Quigley, chief executive, Falcon Oil & Gas –
Just who are these shareholders?
Well, all of us, the 13,445 long-term investors.
But, Philip O’Quigley really talking about his bosses. You know, the guys who hired him in the first place. Burlingame, Renova, Persistency, Sweetpea, Nicolas Mathys, folks on the left side on this chart.
Of course they'll wait for the conclusion of the 9 well program. And so does the 13,000 long-term investors on the right side on this chart.
The 13,000 holds the balance of power.
This is where we are going.
May 2017 Corporate Presentation
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