Hero Technologies Inc (HENC)

[fingolf]

Doing something for the shareholders is certainly a highly-charged issue, especially when a company has to juggle its financings, deal with a not-so-compliant partner, etc. It's a difficult task to balance everything and make everyone happy. I don't envy HENC mgmt in that regard. However, when you place common sense into the equation, things should play-out a bit differently. Common sense dictates that if you have a sudden low cost of operation (drilling costs), you should act accordingly and swiftly. Anyone in any business knows that you have to act and react to what's in front of you. So far, we've had an ostrich-like reaction to the biggest gift that any O&G explorer would want. "Oh, drilling costs are down, you say? Let's sit on it for a while and try to figure something out" WTF!?!? They need to be decisive and make it clear as to their intentions.

Personally, I would very much welcome hearing from someone who is reliable and impartial and can shed some light on why a company such as HENC sees a benefit in not drilling at an otherwise seemingly opportune time? Is there a cost-benefit analysis somewhere that shows extraction costs vs. anticipated price of oil? Is that the sticking point?