Yeah, the elimination of the dividend, a minor as it was, can do nothing good for the share price at least for the short term.
The fact that they had to do that to me infers that the management over the years didn't adjust business to the general malaise in the the price of crude.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.