15 replies (most recent on top)
A 4% bump on share price yesterday (Shell was up 3.75%) says otherwise (other oils were pretty flat). Likely increases the percentage of capex that flows to the Permian in the next 5-10 years, so other parts of the portfolio will continue to be squeezed. But it’s clearly in line with the stated strategy, and not an obviously d-mb move from a total shareholder return perspective.
So this is the new “strategy”, huh?
Jeezus. The entire ELT and RL should be let go next round.
We cannot give the target because we do not know what the future will be.. we need to save our cash because the future is uncertain...
$42k/net acre. Why not just pour the cash into meme stocks?
Not too long ago M F*x proved there wasn’t any oil in the Permian.
Get your affairs in order. The next round(s) are in the way.
I love it that our ‘innovation’ is to make 2 acquisitions in basically the oldest play in the US. XOM tried this plan 4-5 years ago?
what’s the next bright idea - buy some refineries?
Global, diversified….$20B in Permian?
So much for any hope of a good raise... like we've been having a lot of those recently!
More water, more earthquakes. Just groovy.
Are we so arrogant that we think we can extract more value from these assets than Shell?
Well i guess we now know why we didn't get our 401k bonuses. i'm sure the ELT will get a nice bonus when the deal closes; forget the people who have to keep this train on the tracks...
Goodbye Alaska office!!! Move to Midland or so long suckers!
Hello annual layoff schedule!
Let the games begin!!