Thread regarding Chaparral Energy layoffs

A mechanical engineer is not a petroleum engineer

Whoever hired new CEO hasn’t figured this out. He’d be great leading a toy company.

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Post ID: @OP+14jtwAai

7 replies (most recent on top)

We have a former hair dresser and a former dental hygienist leading other depts. Seems like unqualified is the norm at chap.

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Post ID: @dqbw+14jtwAai

More bad news on Chaparral. Looks like they are preparing to default on the revolver.

https://seekingalpha.com/news/3558827-chaparral-energy-faces-potential-default

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Post ID: @5uzl+14jtwAai

CHK is currently having big layoffs. CHAP is next. AMR just sold for 33% less at 220 million. That places CHAP at a value of maybe 40 mil? I bet BCE buys CHAP for pennies on the dollar.

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Post ID: @4ndo+14jtwAai

Stock from $20 plus down to $0.29/share?! Done...

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Post ID: @4eyt+14jtwAai

I’ve never worked for this company but I had friends who have before. It sounds the leadership is not great! I thought they just filed for bankruptcy around 2015 or 2016.

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Post ID: @bnk+14jtwAai

Look at the whole executive team. They have all come from failed or failing companies. Says it all about the overall ability to guide this company away from bankruptcy part 2.

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Post ID: @otb+14jtwAai

Take a look at the stock price. It is a toy company.

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Post ID: @dcd+14jtwAai

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