Thread regarding ConocoPhillips layoffs

Different opinions about acquisition

I thought the opinions would be pretty much the same, but I was obviously wrong because some colleagues think Permian is a good investment while others think that it is a big failure.
It seems that rarely does anyone think something in between?

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Post ID: @OP+1d3JarIj

5 replies (most recent on top)

And how is this related to layoffs? Keep these posts on Facebook so we can talk about the real problems here.

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Post ID: @8paq+1d3JarIj

Whether it’s a good deal or not, I have 100% confidence we will destroy value given our micro-managing, incompetent, control freak management.

Make sure you have the commas in the correct places in the authorization approvals… id--ts.

Bet on it.

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Post ID: @5ckv+1d3JarIj

at 65$ oil and 3.5$ gas or higher definitely a good deal.
at 55$ oil and 2.5$ gas or lower definitely not a good deal.
at everything in between you are likely goign to make money but you (or your Jv partner which operates most of your acreage and future inventory) can sc--w it up.

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Post ID: @3mwq+1d3JarIj

Future Product price should be the only variable given some forgiveness. All other variables including ranges of uncertainty should have been well understood during due diligence. All acquisitions should be post audited and those involved held accountable up to and including termination. No bonuses should be awarded until several years have passed and outcomes are known. The Burlington acquisition was known by 5 individuals in the company and resulted in a $ 28 BILLION write down. Were they held accountable? Or were they protected and rewarded? Stockholders deserve to know.

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Post ID: @1scg+1d3JarIj

They say opinions are like a##holes, everybody has one. At the end of the day it really doesn’t matter what opinion employees have since it’s all but a done deal. The only thing that matters now is delivering on the expected returns to our shareholders. Good luck to all!

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Post ID: @1fyh+1d3JarIj

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