Blame throwing11 Aug 2015 21:54
I can see people blaming the BOD, advisors, BH, Nigerians, Banks, gov, etc. Fact is, afren was a UK registered company with assets in Middle East and Africa and HQ in the most expensive areas of London and ... Houston. Why Houston, why having execs flying first from Houston to Lagos to london? I agree is mostly the fault of the BOD who made negligent decisions on behalf of the owners ( SH).
It was clear where this was heading, always question management decisions before investing, oil will always be cyclical, management need to be resdy for the next downturn.