Sold the only field that kept them afloat for the past 5 years. Looks like only the spineless yes man survived. We all knew when R.W. Passed it wouldn’t be long. L.F. Couldn’t save his lap pup this time. I wonder if he knows that R.W. And R.T. were... — read more
Testing, testing, 1, 2....
When actual Well data doesn’t add up to what management needs they fudge the numbers till they have a positive ROR. Blame poor wells on prices, timing, weather and anything else but themselves and the company. Unfortunately this doesn’t pay the... — read more
This was as predictable as the 4 seasons. The stage was set for this latest bankruptcy by the FROG and his incompetent minions, but you cannot blame the current CEO. He may not be the best choice for this role, but he was handed a stinking pile... — read more
For god's sake. Trying to squeeze blood from a turnip is ridiculous. The hedges are not going to make you survive past a few months. https://chaparralenergy.gcs-web.com/static-files/8eb92286-aa8f-4551-a00f-4cf9af461a13
Worried about losing your job here every day? Satisfied with YOUR crummy LTI? Don't worry it's all for the greater good. Our executive team needs to just cut our G&A a little bit more so they can award "retention" bonuses to themselves. WHAT A... — read more
Hurry up and delist this company. it has been one of the worst operators in the business for years! delist it to expedite bankruptcy so working interest partners like myself can come in and remove them as operator per the JOA. another funny money... — read more
Whoever hired new CEO hasn’t figured this out. He’d be great leading a toy company.
Looks like the new CEO learned the layoff tricks from the frog! Never going to learn are you chap?! All hope is lost. Just stick a fork in this pile of c-ap and be done.
article sums up the situation perfectly. more layoffs to come. https://seekingalpha.com/article/4327334-chaparral-energy-2023-note-maturity-may-be-insurmountable-obstacle
So long Mr. Miller.
I'm no longer working at Chap.
He will be staring in fists of fury as Mister Fister
Now that we know Reynolds "has resigned to pursue other interests" or as we like to say it "was finally shown the door he should have been shown a long time ago," what do you think new CEO, Charles Duginski, is going to be like? Do you think... — read more
OKLAHOMA CITY, Nov. 15, 2019 (GLOBE NEWSWIRE) – Chaparral Energy, Inc. (CHAP) (the “Company”) announced today that on November 11, 2019, the Company was notified by the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s... — read more
I am sure there is an uneasy sentiment among the remaining employees. Let me set your mind at ease. First let me congratulate each of you, you have made it into the final 100! Each of you are here because we find you vital to the day to day... — read more
So does anyone know how many people were let go today?
NYSE can delist stock when it goes below $1.00 for 30 days. The board needs to fire the frog and hire Hunter Biden.
Hard to determine the real Chap. Either way, the final chapter will not end well.
Better cash out and buy a can of soup while you still can.
Just happened. 20+ employees gone. Everyone left needs to be prepared. This company is about to be bought out or go through bankruptcy once again.
The list is being finalized at this time.
Even the rats have began to abandon ship. It’s time to grab a lifeboat and protect yourself. The frog can swim his way out. Make no mistake this ship is going down.
I have spoken to several vendors who have not been paid from the Mighty Chaparral in 4 to 6 months! The entire company and every management person is a complete joke!!! But as the old saying goes “what comes around goes around!”
Some posts have been deleted here. I guess I’m one of the misfits that was laid off. The company you work for is a complete joke. You think 2019 will be a banner year? Great start lowest stock price in the history of going public, borrowing money... — read more
Well once again Stackarral is poised to go bankrupt! Wow the amount of foolish decisions made here is unmatched by even the most mo--nic fool! Let’s see, Chaparral once a great company to work for has now become an industry joke. The leadership at... — read more
The Free Falling stock value is nothing more than a reflection of market sentiment. Most of the reaction is from low oil prices, but some reflects "no confidence" in a management team that led the company to bankruptcy in the past and are still... — read more
Looks like a potential takeover candidate if someone moves quickly...especially before they get into debt up to their eyeballs again. At a market cap of 360 million and long term bond debt of +/- 300 million, the assets could be accretive for a... — read more
16 consecutive days when Chap stock price hit a new 52 week low. From 25+ to 7 in one year. WOW! How low will this go?
Well sold off panhandle assets to further fill everyone investing with c-ap they are looking to see if money in the other hand fills faster then the c-ap we all know how that will end
Over 2 years ago, we handed down to CHAP a sentence of BANKRUPTCY. Why ? The fact of the matter is it was feckless leadership that was marching to the same cadence as a parade of fools. Drowning in ever increasing debt, BANKRUPTCY came and went with... — read more
Don’t let the door hit you on the @ss on the way out!!! Only one with the most complaints in company history!!!
I hope all the guys left working there find a place to go. Good luck guys.
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Can anyone explain the free falling stock value? The frog is just a frog. He is not a prince. So if you kiss the frog, he won't turn into a prince. Sure you might get promoted but most likely, you're just gonna grow a wart.
name the top three
Explain how during bankruptcy they have better raises than now?? What a cheap a$$ of a CEO... clearly he doesn’t care to try and retain talent.