Hearing other things today. It will be a busy earnings call with updates. Stock will be close to a $1. All I can say right now.
20 replies (most recent on top)
Start packing people. Don’t believe whatever he says. He is not true to SWN.
Time for a change!
Layoffs in August. Be ready and no severance is likely. That’s is what I overheard!!!!!
Wonder when the layoff will take place?
Stellar performance, up another $.01 today! Way to go!!
SWN will probably be bought out in 3 years so, it doesn't matter if Way is still around.
No layoffs. Swn stock will be $15 by Xmas!!!!
In Way we trust
It’s begun!! Up $.20 today. Way will have us at $10 by year end!!
Three years at helm? Laid off dead weight? Who are you kidding. Three more weeks and trouble will be worse. He laid off people because others were doing the same and thought hey, why not, more $$$ in my pocket. He and his “management” staff need to be put and this all needs to be rebuilt. Or, someone just needs to buy us. Plain and simple. Of course..... he is protected by a golden parachute. We are not. Hint...... poke holes in it on the way down!
In less than 3 years EOG was on solid footing after Hogland took over; Korell made SWN great in 3 years; Sheffield made Pioneer a juggernaut in 3 years; Couch made Concho very respectable in 3 years . Way does not understand the Business and is not a true visionary leader. He gave aWAY the FS acreage because he does not understand the oil and gas business as a whole. If you think he and this Board can right the ship you are very foolish. First you as a CEO must have a short and simple vision for the Company not a 98 page manifesto that took 9 months and countless wasted hours to complete that was a senseless MBA replay of buzzwords. He and the Board need to leave and leave now so that true entrepreneurs can make it happen again (R2 Leadership)!!!!
$1.91 at closing today 7/29
Once SWN gets the rest of that $2.27 billion or bulk of the debt paid down they will be in the perfect position to be bought out, especially when, the stock is this low and falling in the short term or medium future at least.
SWN is bite-sized and Chesapeake is not.
Way needs another 3 years to right the sinking ship he inherited. He laid off all the dead weight and fat across the board. Employees like me are what make this company great and under the leadership of Way we will be “best in class” in 2022! He is wise to have more layoffs and if the Board must keep giving him more compensation to keep him then they should just do it.
Look Bill is only part of your problem. Everyone there from Bill, the board, and management thinks they work for a major. Here’s a hint... you don’t. You have 9 rigs that run half a year and sit the other half. How could this be? You have a top 5 building in Houston area but may be top 30 in respect to wells completed per year. You live like a the kings but drill like a bunch of turnkey guys. I have a bunch of guys that work there that I like a lot and they tell me all the time about things that you all are getting or doing. I work for Pioneer and we don’t even have some of that c-ap. I hope you pull out of this position, but if not you don’t have to look far to realize why you are there.
Let’s be honest folks... in all fairness he’s only been at the helm for 3.5 years. Is that really enough time to steer the ship in the right direction? I mean, give the guy a break. I’m sure the pressure is intense, given the position he’s in. All we can do is pray 🙏🏾 for our leaders to continue to make good, sound decisions like Way has demonstrated. He just hasn’t had enough time. Maybe if we all pray together it will create some positive vibes?? Who’s with me?
Way is not worthy of comments.
What a joke. Handpicked... yes but they are not doing anything. Our previous management did awesome jobs, worked with the employee’s, grew the company to be a major player in the business. Now, nothing major about it. No awards for longevity. Just a thanks for a million hours while BW goes on a cruise or somewhere. You do not know SWN like I do. Been here many years and know the ups and downs. This is a serious down.
Not a dreamer. A true believer. Way has assembled the dream team of c-suite executives. Only he and his handpicked team can get our stock back to mid teens in this price environment. Team Way all the Way!!!
It is good to be a dreamer but there are going to be layoffs. His leadership has been terrible along with the many others in management. Stock will go up but never like it was.
It will close by end of this quarter >$4 thanks in part to Way’s leadership. Truly inspiring!!
No layoffs and deserving an All-Time high bonus for him and us too!