Falcon Oil and Gas Ltd.

"then see our Treasury team throw it all away,and more,in a currency gamble"

It more like getting sideswiped than gambling. 2008 was a learning experience for most companies.

In all fairness to Falcon, the currency swings in the last 6-12 months have been extreme. The currency fluctuations lately tend to swing too far in either direction and will smooth out over time.

I would rather see 'my' O&G company focus on the items they can control such as the cuts in operating costs. IMO cost management is essential in the long term operation of a profitable company. You can be certain that the executives will be paying more attention to FX going forward.

Regards,

SD