The oil price decline is the major reason the company is in trouble. That and so much more oil being available, found, when the price was sky high.
Fredricksen does not care about the common shareholder. Business is business.
1.58 is the low today, and it gapped down. Might be a good trade for a hedge fund with computers. If you put your money down, consider it like you are playing craps.
Little dogs need to learn from big dogs.
News 
Market Data 
Discover 
