Can anyone tell me if Chesapeake has hit 145,000 bpd in 3rd quarter, and if not do you know the average bpd in the last 53 days ?
Topics regarding layoffs at Chesapeake Energy Corp.
any deal in the works? rumors?
Hope they dont layoff the workers that you can count on to get the job done. The ones that dont need to be told what to do and already know what needs to be done. But they will keep the ones that just do what is necessary and nothing more. The ones... — read more
Please oust DL and ND. And replace the entire BOD. Then fire half the employees, sell some assets and pay down debt.
I am not an employee, but was wondering if someone would comment. What's the sentiment in the office , with reference to the stock price ? Is the rank and file loading up on Chesapeake's stock at these prices ? I have noticed that none of the BOD... — read more
Just can't understand how the "cream of the crop" employees who remain can't seem to pump up that stock price. Weird.
What is the typical email extension to contact someone at CHK? In particular DL and ND.
Where is the leadership?
Things are rapidly deteriorating at the Oklahoma City based producer. Rising debt, bad pricing, and negative free cash flow projected for this year is hurting the business materially. Something big has to change in order for Chesapeake to survive... — read more
by my prediction on 6 June 2019 that "CHK Stock Will "Break The Buck...by year's end" https://www.thelayoff.com/t/ZpaRUDW Today's stock price represents a 30% drop in just two months. Another 30% drop and it's penny stock time, baby! (Looks... — read more
Can people provide suggestions of companies in OKC that are actually hiring? Where should we look? Devon, Chaparral & SandRidge are out. Where else should we check?
CEO COO Managers having 0-12 people reporting to each manager in departments that actually have real work to do Notice this would require the firing of all executive VP’s, VP’s and directors. This would free up so much time for the workers on the... — read more
According to HR friend they are targeting the next lay off for late September (9/24 is a Tuesday). Managers are supposed to complete the staff evaluation exercise process by the end of August. May want to start jockeying for position if you want to... — read more
Scratching my head as to why we have 2 ops mgrs in the Eagle Ford. Maybe this area is managed different than ours, if we need to trim some fat this may be a starting point.
Karma coming to an EC office near you soon. Long overdue.
It's been dark day at Chesapeake people are dropping like flies. DL has been leading us through capital discipline, pointing at an ever distant light saying "free cash flow in just two more years". But then in the earnings call you hear the rest of... — read more
Time for Doug to go, what a joke this company has become under his “leadership”. There is no turnaround, just executives making a k–ling while the employees and stockholders are left in the dark. It’s fine. Everything is fine. I’m fine.
Stock is currently down over 11% to $1.38. Can you feel it?
obviously not cutting it
The market has lost all faith. Time to move on. We can’t stand to lose more equity.
I will be very concerned if we cash flow negative but building up a cash reserve. For years we have been holding on to only $5M in cash (I think we spend that everyday on toilet paper in OKC). If we have $200M+ that's trouble, no reason to pay... — read more
Whiting cut 1/3 of work force mostly high cost people. Independents continue to drill uneconomic wells contributing to the excess supply situation estimated to be 1 million bbls/d in 12 months. Hope CHK can make the necessary adjustments.
Natural gas markets continue to melt down, and many market players are now calling for $1.50 gas. Despite improving net cash provided by operations and increasing oil mix, thanks to the acquisition of WildHorse Resource Development, the financial... — read more
Can it get worse? Guess what’s coming next?
Have we got an employee who will speak out ? What is the consensus in the office as to whether there will be a profit or loss for second quarter? Lets have some guesses.
The question is who will the new drilling VP be?
You have successfully jack-hammered this company straight into the dirt. CHK was a ~$10B company when you took over as CEO. For the largest shareholders to be calling for AKM's head then, and not yours now, makes me wonder: how much are you getting... — read more
I certainly couldn’t. This states that the company is in could be a good reminder to folks st other companies, that nothing is for sure, and that bad decisions can go a long way. Is there anyone that could have predicted this?
Many of you at Chesapeake are about to receive pink slips.
Kinder Morgan’s stock falls after earnings, Chesapeake Energy’sh–s 20-year low Published: July 18, 2019 3:24 p.m. ET Aubrey?? Yeah, right.
Every time there's a layoff, the remaining employees, in a fit of rock-throwing hubris, claim that those who were fired deserved it, and those who remain are the "cream of the crop" and can now get down to business. Well, at $1.58 per share, it now... — read more
The six month anniversary of the largest public shaming that CHK has ever seen is rapidly approaching. I wonder if the HSER leader had that brought up on her mid year review. I can promise you that we have not forgotten. This department has been on a... — read more
A press release stating that earnings will be released on July 31 will come soon but word has it they will be released earlier to burn the shorts. Also there will be a small asset sale announcement and another partnership (for gas).
Jefferies used to be a big supporter of CHK. Wow
https://money.cnn.com/magazines/fortune/best-companies/2014/list/?iid=BC14_sp_full https://money.cnn.com/magazines/fortune/best-companies/2013/list/?iid=bc_sp_full https://money.cnn.com/magazines/fortune/best-companies/2012/full_list/... — read more
Their goal is to make all of your options worthless.
big things on the horizon