Originally Posted by trustbutverify

The reason the company wants lower limits on JV production balance is because that is where they intend to go...lower, not higher. Think about that. And when it comes to JVs in our contract, past performance is a very good indicator of future returns. Managment WILL go below whatever floor is established without penalty and we're proposing that we let them do it by writing the language into the contract. Bad precedent for future contracts everywhere.