He clearly indicated that servicing the debt while funding the build program was an issue. Call it what you like, but the debt is an issue and a concern. 2011/2012 is glaring in Dougs face and he had to make this move. One will only need to see which assets are sold to determine how big the problem. Shift to shale play will not help much. The commodity price will make or break EP.

You are correct, the analysts are even suspicious. It is about time. I look for another downgrade.