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Hello there Shadow. This is now way oversold. However the management are responsable to a large extent and also a cerain amount of bad luck. The Market sentiment will eventually turn. However the management have left us in a position that we have no cash flow and their burn rate considering their unjustifiable salaries amongst other things have left us in a precarious position. Providence will need to cut costs, sell something, reach a FO, raise capital or seek a roll over loan whilst the market turbulance disipates. This will eventually happen as shale likely to be hammered as well as deep sea drilling and other expensive non-conventional oil sources.
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