Sure wish our fearless leaders would have sold out a couple of years ago. Now, we are stuck with bankruptcy and hardworking employees will lose their jobs
Topics regarding layoffs at Oasis Petroleum Inc.
OAS bankruptcy is coming. Sad to see. But the debt burden is too much to bear
Lots of nepotism at Oasis, people in decision making positions with no experience and absolute clueless! Oasis is a “not what you know Company, but a who you know company.” I the last another year I would be surprised! I couldn't have said it... — read more
that's what i am hearing. i hope i am wrong but it's not good
Unfortunately, OAS with our debt load can't survive this price environment. Even if bankruptcy is filed and the debt gets erased or restructured, it makes no sense in sub $50 oil to do any of our capital projects. OAS will no longer be a going... — read more
Cut management overhead, multiple and redundant layers off management. C-Level is OK and keep a handful of other - then cut everything else. Tech contributors make difference. To survive that's the only way to go forward. OAS needs to do this quick... — read more
It's coming... https://www.fool.com/investing/2020/05/24/4-more-oil-stocks-that-could-go-bankrupt-in-2020.aspx
September 18th 60 additional employees from multiple departments were laid off. Houston and North Dakota were effected. Very sad to see.
Just saying - check it out: https://www.glassdoor.com/Reviews/Oasis-Petroleum-Reviews-E354503.htm — read more