Thread regarding California Resources Corporation layoffs

CRC Bankruptcy Expected?

Four candidates:

Oil prices imploded earlier this year, which has decimated many oil stocks. Things have gotten so bad that several have already declared bankruptcy. That trend is likely to continue in the coming months.

The list of at-risk oil stocks seems to be growing by the day as companies update the market on their deteriorating credit profiles. Four that seem to be likely bankruptcy candidates this year are Borr Drilling (NYSE:BORR), California Resources (NYSE:CRC), Denbury Resources (NYSE:DNR), and Oasis Petroleum (NYSE:OAS).

https://www.fool.com/investing/2020/05/24/4-more-oil-stocks-that-could-go-bankrupt-in-2020.aspx
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| 1352 views | | 3 replies (last )
Post ID: @OP+158Rtocz

3 replies (most recent on top)

Get rid of Todd, he let Oxy F us good.

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Post ID: @izbv+158Rtocz

I'm sure we'll have layoffs and a new reorg that is somehow more asinine and confusing than the once in October. Now about half of the employees know what they're supposed to be doing but management wants to get that number down to zero

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Post ID: @gblv+158Rtocz

Pending Chapter 11 is old news. What the new company would look like is a more topical discussion. What will the future Executive/VP team be? Will another round of layoffs be required?

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Post ID: @1hzt+158Rtocz

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